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sharx722, Other/Just Looking in 80013

what is a double end commision?

Asked by sharx722, 80013 Sun Feb 2, 2014

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A double ended commission is where the real estate agent represents both the buyer and seller in a sale and receives both ends of the commission...the buyers end and the sellers end.

Hope this answers your question.

All the best,

Kat
0 votes Thank Flag Link Mon Feb 3, 2014
As pointed out below it is where the listing agent represents both parties. How do you not know this if you are an agent?

You need to find mentor to help you along in the business.
1 vote Thank Flag Link Mon Feb 3, 2014
Thank you for stating the obvious
Flag Mon Feb 3, 2014
It's when you represent the buyer and seller in a transaction, therefore you get both ends of the commission.
0 votes Thank Flag Link Mon Feb 3, 2014
Hi Sharx722,

You now have a definition of "double ending"; here's the issue: Dual Agency.

While "DA" is not illegal (in CA) the represented parties give up one important benefit by entering into such an agreement - advantageous advice. You can read more about this here:

http://www.trulia.com/voices/Home_Buying/Why_should_I_NOT_us…

-Steve
0 votes Thank Flag Link Mon Feb 3, 2014
That's when the listing agent represents both and buyer and seller t in a property sale. It is legal in our state, as long as all parties are informed
0 votes Thank Flag Link Mon Feb 3, 2014
Double end commission is slang for an agent representing both sides of the transaction. They are making money on the front and back end.
In California it is legal as long as both parties are aware and it's disclosed in its entirety.
It does not always mean that an agent has a buyer or a "pocket" listing as mentioned below. There are times when I put a home in the MLS and a buyer calls me directly to represent them if they like the house.
0 votes Thank Flag Link Mon Feb 3, 2014
Where the listing agent should give a 1% discount to seller:)
0 votes Thank Flag Link Mon Feb 3, 2014
Twice the amount of a single end commission.
0 votes Thank Flag Link Mon Feb 3, 2014
When a real estate agent represents the Seller and the Buyer which is allowed as long as this dual agency is disclosed to the Seller and the Buyer.
0 votes Thank Flag Link Sun Feb 2, 2014
A double end commission is a commission from both sides of the transaction; one representing the Seller as "listing agent", and one representing the Buyer as the "selling agent." In most cases this is generated when the Listing Agent provides his own Buyer prior to the property being properly exposed in the marketplace, as in a "pocket" listing, i.e. the Agent places the actual listing agreement in his pocket rather than turn it into the MLS for broad exposure to the general pool of Buyers. Double end commissions also present a legal issue; the agent has a conflict of interest which must be disclosed in order to avoid legal exposure to accusations of a violation of the fiduciary established under California Civil Code when a licensed real estate associate represents a Seller or Buyer.
0 votes Thank Flag Link Sun Feb 2, 2014
Mark,

I have had just a few pocket listings but never so that I could hold out for the possibility of being on both ends. I have held pocket listings while the renovations were being completed or (in one case) while the divorce was being finalized and the division of assets decided on. Once the houses are ready to put out to the world, I would do so and not worry about whether or not I am on both sides. I would hope that this is not a common practice. I would hope agents are more concerned about getting the home sold for their client rather than trying to be on both sides.
Flag Mon Feb 3, 2014
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