Buyer’s Edge – Frequently Asked Questions
October 15, 2012
Some real estate agents say that they can represent the buyer and seller in the same transaction. How can that be?
John Sullivan, Associate Broker, with Buyer’s Edge answers this important question.
"An agency representing both the buyer and the seller is legal in Maryland, DC and Virginia. In DC and VA, a single agent can represent both the buyer and the seller in the same transaction. This is known as dual agency.
At Buyer's Edge, we don't believe that the same agent or agency can represent both the buyer and seller. We are not alone in this view.
The Oklahoma Supreme Court declared "dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent