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February 12, 2012
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Response To: Why Listing Brokers Must Give Up The Other Side to Survive (Blanche Evans - 01/10/2000)

A Rookie Response
Posted By: DirkM - 01/11/2000 01:09 AM

As a rookie I agree that ultimately single agengy would be the preferred business model for the next era of real estate and I would personally throw my hat in on the buyer's team, but it seems that in order for it to work well there must be 100% participation among brokers. How could a single agency buyer's broker effectively compete with a firm that 'refers' it's buyers to its own agents.
In terms of paradigm shifts, mandated single agency is a major shift and, judging from the Oklahoma case alone, is not likely to happen soon. Believing though that single agency is an honorable goal I find myself asking, "How do we get there from here?". What can I do to influence this industry in that direction?
I think the answer is disclosure. Even though our standards of practice and my state law require it,I don't think it is widely practiced. Yes, all of our files have a 'signed' disclosure statement but what does that prove? We presented a form for signature. Disclosure is not a form it is a process, a process of educating people about how they can and should be represented. A good, full disclosure of dual agency isn't easy for a listing agent hoping to take both sides of the transaction.
A paradigm only becomes a paradigm when it is
embraced by the masses. Single agency will only be embraced when dual agency is rejected. Dual agency will inevitably be rejected when it is fully exposed (disclosed)for what it is- a bad deal for buyers.
So, as a rookie I may not be able to influence the chiefs of the NAR but I can influence the people in my market. I can keep disclosing. I can keep telling folks why they need a single representative. And you can do the same. And if we do, the road to sweeping changes might be shorter than we think.


Responses to this Post

Single Agency defined
Posted by: SteeleP - 01/11/2000 12:28 PM


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