Real Estate Agent Conflict of Interest...

By
Real Estate Broker/Owner with Buyers Broker of Florida
http://actvra.in/FG9

Real Estate Agent Conflict of Interest...real estate conflict of interest

CONFLICT OF INTEREST in Real Estate is a misunderstood, down played, and ignored aspect of a real estate transaction...

 

Conflict of Interest is a dirty little secret, that is rarely talked about, not acknowledged and for sure never admitted. 

 

Conflict of interest is a situation in which a real estate agent in a position of trust, has competing professional or personal interests that make it difficult for them to fulfill their duties to buyers or sellers impartially.  A conflict of interest exists even if no unethical or improper act results from it.  A Real Estate Agents Conflict of interest is never good for the consumer and should always be a avoided. 

Yes, it can be avoided...you have the power to make that choice.

Every Real Estate Home Buyer and Home Seller of Real Estate need to hire their own Real Estate Agent so that they will receive Fiduciary Duties  and not worry about a Real Estate Agents conflict of interest.  Home Sellers need to choose an agent that will represent only them and not become a dual agent or transaction broker.  Home Buyers need to choose an Exclusive Buyer Agency Real Estate Office for total Home Buyer Representation with no conflict of interest.

Avoiding Real Estate Agent Conflicts of Interest is just good business...for everyone.

Copyright @ Buyers Broker of Florida 2012 "Real Estate Agent Conflicts of Interest".

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Representing ONLY the best interest of the Home Buyer...never the seller.

 Eve Alexander Orlando Buyers Agent

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Diane Daley 07/06/2012 08:34 AM
  2. Carla Muss-Jacobs, Principal Broker/Owner 07/10/2012 02:05 PM
Topic:
Home Buying
Location:
Florida Orange County Orlando
Groups:
Exclusive Buyer Agents
Luxury Real Estate
ABR/REBAC
Posts to Localism
Exclusive Buyer's Agents (EBAs)
Tags:
realtor conflict of interest
conflict of interest in real estate
home buyer conflict of interest
real estate conflict of interest

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Show All Comments
Rainmaker
972,855
Edward & Celia Maddox
Solutions Real Estate - Queen Creek, AZ
We Take The High Road

Good Article.  That is why dual agency is so hard for one person to manage.

July 06, 2012 08:31 AM #1
Rainmaker
543,106
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Very nice job I will reblog this one to get you more exposure.  I love the cartoon... Thanks for sharing.

July 06, 2012 08:32 AM #2
Rainmaker
255,314
Mike & Eve Alexander
Buyers Broker of Florida - Windermere, FL
Exclusively Representing ONLY Orlando Home Buyers

Edward and Celia:  Dual agecy should be outlawed in every state

Eve

July 07, 2012 10:45 AM #3
Rainmaker
255,314
Mike & Eve Alexander
Buyers Broker of Florida - Windermere, FL
Exclusively Representing ONLY Orlando Home Buyers

Diane: thank you for the kind words and the re-blog.

Eve

July 07, 2012 10:46 AM #4
Rainer
150
Mary Bergquist

The single largest investment most people will make, and only a relative few underdstand and appreciate the fudiciary  responsibilities and therefore advantages that a Buyers Broker offers. No one would go to court with an attorney who was representing both sides of a legal issue, but too many people will use the same real estate professional as a seller. Understanding who is actually working for the buyer, and who is working for the seller is critical to being an informed consumer. Thanks again for your Blogs, I am passing them on to younger family members getting ready to make their first home purchases.

Mary B

July 07, 2012 02:43 PM #5
Rainmaker
1,267,193
Carla Muss-Jacobs, Principal Broker/Owner
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% o... - Portland, OR
Buyer Focused ~ Buyer Results

"Undivided Loyalty" -- NO ONE gets that, and yet . . . it's so simple.  UNDIVIDED LOYALTY is loyalty to the principal and it's not compromised -- DIVIDED.

Your post is simple and to the point.  Most people (consumers, clients, customers) don't have a clue that they can demand, and should demand, UNDIVIDED LOYALTY from their agent -- and representation that can not be "divided."  But they have no clue.  Amazing how the most biggest transaction they will make, and they set themselves up for less then subpar represenation.

July 10, 2012 02:03 PM #6
Rainmaker
255,314
Mike & Eve Alexander
Buyers Broker of Florida - Windermere, FL
Exclusively Representing ONLY Orlando Home Buyers

Mary:  Thank you, I appreciate it.

Carla:  Wish I had thought of the "undivided loyalty"...good point.

Eve

July 10, 2012 02:43 PM #7
Rainmaker
205,132
Dana Hollish Hill
Buyer's Edge Company, Inc. - Bethesda, MD
Vice President & Associate Broker

I wish single agency were a nationwide requirement. It is odd to me that both a buyer and seller would feel that they were fully represented when involved in a dual agency transaction. 

August 05, 2012 10:43 PM #8
Rainmaker
255,314
Mike & Eve Alexander
Buyers Broker of Florida - Windermere, FL
Exclusively Representing ONLY Orlando Home Buyers

It is really nice when an agent understands what is not in the best interest of the consumer...thank you for your comment.

August 06, 2012 04:01 AM #9
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Rainmaker
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Mike & Eve Alexander

Exclusively Representing ONLY Orlando Home Buyers
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