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I suppose there is an opportunity for someone with no or low ethics to take advantage of a dual agency situation, but that type of individual would probably take advantage of any situation.
I don't suppose, I lived it. In my experience where my agent was a good friend, first she really should not have even entertained the idea of being Dual Agent given the fact that we were close friends and that would put the Buyer at a disadvantage .... you would think right? Well turned out that the agent was really working for herself. Neither one of us were represented very well.
This agent had me sign the dual agency form with the listing contract. Had she waited till we actually had a dual agency situation at hand, I would have NEVER signed it. By then, I had her number! What was even worse was we had THREE dual agency situations during the listing!!!! GEEEEEEEEEEZZZZZZZZZZ! Since I had already signed the Dual Agency form in the beginning, I was told I could not do anything to stop the situation of Dual Agency.
[quote=bentlebee;8659347].what a b.s. to have dual agents being allowed and only inexpereinced people will fall for it./quote]
Actually, it's been my experience, that investors with and without experience, are more likely to seek out dual agency, with the intention of pocketing half the commission.
Those who do not like the laws in their state, should seek to change them.
I am not an advocate of dual agency and do not operate as one.
This agent had me sign the dual agency form with the listing contract. Hadshe waited till we actually had a dual agency situation athand, I would have NEVER signed it.
Since I had already signed the Dual Agency form in the beginning, I was told I could not do anything to stop the situation of Dual Agency.
My state requires two dual agency disclosure consents. The first is at the time of listing and the second is before an offer. The consumer can change their mind between the two steps. Sounds like your state may not operate this way.
I would be surprised if any two states had the same laws as it relates to dual agency. For this reason, broad generalizations are potentially misleading to consumers.
.what a b.s. to have dual agents being allowed and only inexpereinced people will fall for it./quote]
Actually, it's been my experience, that investors with and without experience, are more likely to seek out dual agency, with the intention of pocketing half the commission.
Those who do not like the laws in their state, should seek to change them.
I am not an advocate of dual agency and do not operate as one.
I myself feel I am better served by spreading the word about my experiences. I think people who enter into un know areas are all ears when other people give their horror stories. Getting a law changed, I think you know is VERY difficult if not impossible.
I always laugh when I hear these things said..."I'm there to look for your best interest"...and my best commission rate should be added!
The following will be said if you really ask a agent a question "I'm not a lawyer"
Nope, never heard that one .... not from any agents I've dealt with. I have heard agents say, "I have a lawyer I use for all my clients that you should use." Does that count?
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Since I had already signed the Dual Agency form in the beginning, I was told I could not do anything to stop the situation of Dual Agency. 
