Here's a link to dual agency in Pennsylvania http://membrane.com/philanet/benigno/pa_law.html
And here's how one agent feels about dual agency http://activerain.com/blogsview/12648/why-i-don-t-practice-d
In the end....think of it this way; when one is in court, isn't it normally the case for each person to have his own representation? By the same token, in court, it is generally an adversarial position, and someone pays
On the other hand, if both parties come to a mutually satisfying agreement using only one person to present both cases, and when both parties approach the process intelligently and logically, that could be an advantage/benefit as well.
So offices do not allow, as a broker choice, dual agency because the agent can not represent either party to their fullest.
No, it is not unethical in some states for the listing agent to also represent the buyer. It's called "dual agency". All parties must be in agreement to the situation and sign a document stating such. This type of agency agreement can be for any real estate transaction (regardless if the seller is a bank) in which the listing agent represents both sides.
Check with a local real estate firm or your agent ,if you are using one, to determine if your state recognizes "dual agency".
Good luck to you!
Prudential Connecticut Realty
Now please keep in mind that there is a difference between working with & working for a client. As a Listing agent an agent can assist, but not represent the interests of, a buyer. Unless & until an agreement s reached between buyer & agent they are not representing you and continue to work for the Seller only.
it is because of these type of scenarios that PA law REQUIRES the use of the CONSUMER NOTICE (attached). This is required to be provided to a client during the first substantive meeting between agent and consumer.
A big part of the answer will be what the bank requires for dual agency.