I live in NYS. My realtor is acting a dual agent and he never had me sign any agreement allowing him to do
this. The buyer has signed but not me and I was the one who employed him. He also has not acted to me the principal. Isn't this against the law for him to do this, someone told me he could lose his license over this? Can I sue him for damages?
This can be a very frustrating situation. As a seller, you put your trust in an agent to get the job done for you. New State Law does state on every meeting we are to disclose our agency relationship to all parties involved. This agency relationship may change, but you are correct, the agreement needs to be discussed with all partied invloved & signed. Dual agency is a tricky situation and can be done correctly but must be discussed with all parties. As far as damages, I would consult your laywer. I wish you luck in this situation.
Jennifer Greenmun
McKinney Real Estate
Binghamton NY
607-761-4814
yes its a conflicting interest.....but for some reason real estate agents get away with it all the time. its practically a norm in the industry. in many cases they want to act as representivites for both the buyers and sellers, that way they can lock in a bigger commission. i would bring this to your agents attention..
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