Ok, this, I know is a touchy subject but here it goes…
I do not believe that we should allow Dual Agency. Here is how Dual Agency is decribed in Virginia:
- Dual Agency
Occasionally a buyer will wish to make an offer on a property listed by the buyer agent’s firm, or even by the buyer agent. Virginia law allows an agent to represent both the seller and buyer in the same transaction, but only with the mutual and informed consent of both parties. The dual agent’s position is one of neutrality, which means the agent cannot favor one party over the other, cannot offer negotiation assistance, and cannot disclose the confidential and personal information of either party to the other party. The agent will typically make every effort to act impartially and facilitate a win-win conclusion to the transaction.
If you really read this and keep in mind your code of ethics, how can we continue to allow Dual Agency?
Think of all the problems that would be solved if we eliminated Dual Agency.
