Dual Agency authorization is required. Dual agency typically arises when a real estate broker employs two salespeople, one who works for the buyer as a buyers agent and the other who works for the seller as the sellers agent. The real estate broker and his salespeople are one in the same when analyzing whether a dual agency exists. When the buyers agent introduces the buyer to the property in which the seller is represented by the sellers agent, dual agency arises.
This is only one of the ways it can happen.
By consenting to dual agency, you are giving up your right to have your agent be loyal to you, since your agent is now also representing your adversary. Once you give up that duty of loyalty, the agent can advance interests adverse to yours. For example, once you agree to dual agency, you may need to be careful about what you say to your agent because, although your agent still cannot breach any confidences, your agent may not use the information you give him or her in a way that advances your interests.
Jul 6, 2014