Real Estate Blog - Blog Archive: December, 2022

Dual agency is a term that comes up almost anytime there’s a listing presentation I’ve found, and although I might be the minority, I don’t like the idea of it. So, I’m going to break down here what it is, how some people can do it, and how it is illegal in some states. 

First things first, what is dual agency? According to Forbes they define it as, “Dual agency is when a single real estate agent represents both the buyer and the seller in a real estate transaction.” Sounds simple enough that one person can help both the buyer and seller complete the transaction in what might seem streamlined. But it isn’t that simple. Forbes goes on to say that “In 10% to 20% of home sales, both parties have the same agent. However, this practice, called dual…

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Download the November PDF

Hey, I'm Steve, and this is a Steve Volkers group in Grand Rapids, Michigan, and this is market data update. We are in December, obviously we're talking in arrears, so we're talking about November's data. And passed, and it has been eventful this year. Kevin, I, uh, I just wanna say thank you behind the camera. I gotta take a picture of you, big guy, because this has been fun.

We started this at the beginning of the year just with the idea that things were gonna change. We could see a shift coming or something was gonna adjust. I noticed a lot of agents were just publishing stuff saying, oh, this is never gonna end. This is gonna be amazing. Um, and then we saw a correction, so we want to talk about that.

Um, and…

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