This was asked, and answered back in February...no idea why it had been resurrected.
This isn't about one's opinion......it's about the law in my state.
That being said...i will address it now, and I will try to be brief, which isn't always easy for me :)
I don't make the laws in NJ.............I only follow them.
I really don't want to engage in an ethcal discussion of dual agency. The fact of the matter is...disclosed dual algency is legal, alive and practiced in NJ.
If I want to show my buyers a company listed home, I have NO CHOICE but to work in the capacity of a dual agent...the listing agent is also forced to work that way, as well. That's how it is!
Our Consumer Information Statement, that must be given to any new buyer or seller, clearly states the options the parties have, and describes what duties follow each agency designation. Yes, Harold, it is described to them.
In NJ, unlike other states, we do NOT have a "designated" agent, or any other such title that we can work under. It is not practical to only be a buyer's agent.......you wouldn't do much business if you limited your business to the buy or sell end...not to mention you'd have a hard time working in a large company.
Thus, if I want my buyer to see a home listed by ANYONE in my company (and with over 600 agents, it is quite likely that will occur), I have to work with them as a disclosed dual agent. My only option would be to "give away" that buyer to an agent in another company!!!! Who would do that???
If I have been working with a buyer, and I list a home that is perfect for them.........I must be a disclosed dual agent in order to show it to them.....or, as I said, I would then have to refer them to a stranger in another company.........at the most crucial time in the home buying process, I would have to
give them away, or hand them off to someone they don't know.!
That's just how it is here.........it really isn't open for discussion.
When the day comes that New Jersey changes the law, and comes up with another way for me to legally show company listings to my buyers without being considered a dual agent, I will be happy to do so. Until then, I will follow my state's legal way of conducting business.
Gentlemen...........I really have no desire to continue this hot topic, as it has been discussed ad nauseum on trulia........and I am not here to defend New Jersey's law..............I don't make the law...I only follow it.
And with that, I will bid you all a fond adieu!