OK, there have been lots of good but long answers given to your question. In the short of it, Dual-agency in not a bad thing, it is just different. It is not likely that the REALTOR who lists your home will also be the REALTOR who brings the buyer, but sometimes that happens. In such cases the REALTOR will likely ask another member of his or her office to sit with the buyers and help them to write the contract proposal without imput from the listing agent. This other member of the office will stay with the buyer until the contract proposal is agreed to by both sides, and many times will stay with this buyer though home inspections as well.
Without Dual Agency, no members of your listing agents office, can write a contract proposal on your home. That may eliminate as many as 100 REALTORs right in your area from wanting to show your home and sell your home. Not a good situation, as you will want as much exposure and as many REALTORs showing your home as possible. - Fri May 9 2008, 08:22
Hello Khub, I am a Morristown area market expert, and also run the top ranking Morristown NJ Real Estate website, which also features the best MLS Home search available. www.jboyerhomes.com all the best, James Boyer 973-647-0253 - Wed May 7 2008, 21:09
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