“Two masters? Or two schnooks?”
So: Dual agency is bad, m’kay? Steady source of lawsuits, including class-action suits. But it’s lawful, as regulated, so that’s what’s taught: Written consent of both parties when limited agency is imminent.
Agency with an interest, anyone? I’ve pointed out that the iBuyers are also going to have this problem: They are badly-veiled self-dealers – pawnbrokers – except that pawnbrokers are not fiduciary to their self-designated clients.
And it occurred to me this morning that much inventory, MLS’d or not, must be moving by dual agency. Yes, I’m that dumb: We don’t double-dip, so I never think about it. Buyers will waive anything, right now, so why not representation itself?
Surely that won’t bite anyone in the ass…
In other news:
CNBC: Pending home sales rose less than expected in March as prices soared.
Housing Wire: Mortgage rates rise, but remain under 3%.
CNBC: The Fed keeps rates near zero — here’s how you can benefit.
Housing Wire: Skyrocketing lumber prices add $36K to new homes.
Fox News: More than 200 Seattle police officers quit over the last year, many citing anti-police climate. If only there were giant real estate brokerages in Seattle to report on actual facts instead of racist chimera.
The Washington Times: Biden’s racial equity agenda targets ‘exclusionary’ single-family neighborhoods.
The American Mind: The Struggle for Owned Space.
Frontpage: Black Supremacy: The hate that dare not speak its name.
American Greatness: America’s Real White Supremacy Problem.
CNN: Meet the 12-year-old graduating high school and college in the same week.
