Dual Agency Plagues Boston Luxury Homebuyers and Sellers

Luxury homebuyers and sellers are certainly not immune to the problems of dual agency. Commissions on luxury homes often exceed $50,000 so why would anyone give up such important services as assistance with negotiating price or negotiating terms of the transaction? When homebuyers use the listing agent to buy their homes not only are they giving up their right to representation on a million dollar asset, they are rewarding the agent for this betrayal with a double commission.

Here is a sampling from the blog post and a link to it:

"Looking at single family homes sold over $900,000 in one community, we were stunned to discover that 70% of one well-known listing agent's sales were in-house; and in more than one in four sales, the MLS listed her as both listing agent and sales agent." Click here for a link to the story. The story first appeared in the Boston Globe (click here).