If you’re interested in Commercial Real Estate Investing a must read book is “Commercial Real Estate Investing 101. It is the best basic primer on investing I’ve read to date.
There are several mentions of dual agency. Many of the experts all agree caution against dual agency or double dipping. Some call it ‘hogging.’ I’ve represented both parties many times and I haven’t had a problem with doing so. I haven’t had any problems with working for both parties. In fact I’ve found it beneficial in most cases. Some of the deals I’ve done probably would not have come together if I didn’t know the motivations of both parties. In Colorado and several other states they have what’s called a transaction coordinator. The transaction coordinator, or facilitator, works to ensure the deal gets done. Both parties are made aware of the broker’s role and sign waivers stating that they consent to dual agency.
There are a few in the book who agree with me but we are definitely in the minority.
What do you think?