When you sign a listing agreement with a real estate broker, that broker and the broker’s agents will be representing you throughout the sale of your property. When your property is listed, it is placed on the Multiple Listing Service (MLS) and this constitutes an offer to other real estate brokers to share in a commission if they produce a buyer for your property may agree to represent you, as a seller, or the buyer. If the broker is representing the buyer, you or your listing broker must be notified of this before any showings of your property or any negotiations towards a purchase agreement. If you have any doubt as to whether or not a real estate broker represents you or a buyer in the transaction, please do not hesitate to ask.
Sometimes the broker who lists your property for sale may also be the broker who locates a buyer for your property. Because the broker, by listing your property, has agreed to represent you, the broker cannot also represent the buyer unless both you and the buyer agree. When a real estate broker represents both the buyer and the seller a dual agency is created. The dual agency occurs when one of the broker’s agents is representing the buyer and another of the broker’s agents is representing the seller. It can also occur when the listing agent for the broker also is representing the buyer. A dual agency is disclosed and, after disclosure, you and the buyer agree to the dual agency.