Charlotte Real Estate Agents
Before you call the real estate agent on the sign in front of the next home you want to see, first make sure you read the Working with Real Estate Agents disclosure from the North Carolina Real Estate Commission. It explains the risks associated with “Dual” or “Designated” buyer representation – the conflict of interest that exists when your buyer agent’s firm is also representing the best interests of the seller on the home you may be interested in purchasing.
Better yet, call Carolina Buyer’s Agent. We’re your Exclusive Agent, so you’ll never have to worry about the risk of a “dual” or “designated” agency situation arising that would derail your home purchase or sales transaction. Only Carolina Buyer’s Agent guarantees protection of your best interests throughout the entire home-buying process.
Ask your buyers agent: “Does your company policy allow the practice of Dual or Designated Agency?”
Any real estate agent can be a buyers agent, and companies that allow their agents to represent their buyer clients as a “dual” or “designated” agent must disclose this to you upfront that on homes listed now or in the future with the agent’s company, the company must divide their representation of your best interests with those of their seller-client by representing both of you at the same time – on the same home.
Dual agency is legal for home buyers, but you can eliminate the risk of dual agency before you start looking at homes by calling Carolina Buyer’s Agent, whose company policy does not allow the practice of dual or designated agency representation. With representation from Carolina Buyer’s Agent, you’ll never risk the conflict of interests that arises from dual or designated agency.We guarantee it!
Can’t Any Agent be an Exclusive Buyers Agent?
No – Many consumers are confused about dual or designated agency. The key concern is that even if your buyer’s agent initially represents you exclusively, the situation can change if you become interested in a home listed by that agent or their company. In that case, the agent can legally represent both you and the seller only as a dual or designated agent. Before making an offer, you must sign a dual agency agreement allowing the firm to represent both buyer and seller.
This creates a potential conflict of interest. If you later decide to purchase a home listed by your agent’s company, you may be required to continue working with the agent who first showed you the property. This applies regardless of their experience, negotiation skills, or the fact that their company also represents the seller.
Carolina Buyer’s Agent eliminates this concern by specializing exclusively in buyer representation. Because we do not represent sellers, you never face the risk of dual agency. Our fee is already included in the listing sales price. So you do not pay extra for help locating, evaluating, and negotiating your next home purchase in the Charlotte area.
It is also important to understand that the listing agent—the agent whose name appears on the sign—always represents the seller’s best interests. Many real estate brokerages encourage dual or designated agency on their listings. This allows them to keep the full commission instead of sharing it with an outside buyer’s agent. As a result, the more dual or designated agency transactions a brokerage handles, the more profit it earns from in-house listings. Ironically, while the company’s profit increases, the level of legal representation it can provide to you decreases.
Get a free referral and extra cash back from Carolina Buyer’s Agent when your home sells!
Do you have a home you need to sell? If so, please contact one of our listing agent partners who will provide the same level of exclusive agency to you until your existing home closes. Plus, as our buyer client, you’ll also get a 1% cash-back bonus at closing when your existing home sells with one of our Listing Agent Partners! For-Sale-by-Owner Sellers, Click Here!
Track the recent homes sales prices with our Free Report that compares the asking prices to the sales prices for the homes in your ZIP code that sold within the last three months. You can also see the asking price, size and features for each home currently listed in your neighborhood.
Your Charlotte agent can make finding a home an exciting and rewarding experience. However, unless you’re familiar with North Carolina’s agency disclosure requirements, you may not receive full representation throughout the home-buying process. Click Exclusive Agency Agreement to print a copy of our agreement and the NC Real Estate Commission Consumer Agency Disclosure.
NOTE: The risk of dual or designated agency arises when the same firm represents both buyers and sellers in a transaction. Carolina Buyer’s Agent represents buyers and sellers, but never both in the same transaction. As a result, you never face dual or designated agency representation when you choose Carolina Buyer’s Agent.
The most important thing you can do before calling about the next home you want to see is contact Carolina Buyer’s Agent. Call 1-855-304-9266 or 704-366-0542 to schedule a showing.