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lexandria, VA - As we dive into Fall, The Zebra Press, Real Estate Beat is focusing on a crucial aspect of representation in real estate: Dual Agency. At the Seward Group, we don't practice dual agency and our brokerage at TTR Sotheby's International Realty prohibits it. However, it remains legal in Virginia.

    Dual agency occurs when one agent represents both buyer and seller in the same transaction. While this arrangement may seem convenient, it raises concerns about a single agent representing opposing interests. We believe that each party deserves separate representation to ensure their best interests are protected.

    The biggest challenge with dual agency is maintaining neutrality during sensitive negotiations. A dual agent must remain impartial, without showing preference to either side. This can lead to compromises where neither party feels fully represented.

    In traditional setups, buyer and seller agents work independently to secure the most favorable terms for each client. In dual agency, this ability is restricted, as the agent must maintain fairness and transparency.

    Many states allow dual agency with strict disclosure requirements. Agents must inform both parties about the arrangement and obtain written consent from both. Transparency is crucial to avoid potential conflicts of interest.

    Ultimately, the decision to enter into a dual agency arrangement depends on your comfort level with the potential risks and rewards. However, if having an advocate solely focused on your best interests is a priority, separate representation is the better path.

    At The Seward Group, our primary goal is always to have happy clients at the end of the transaction. We believe that dual agency representation will not produce this result. If you're navigating any real estate purchase or question, we'd be happy to discuss how we can help.

    Contact us: [email protected], visit www.seward-group.com, or call (703) 298-0562.