What is the primary responsibility of a dual agent in a real estate transaction?

In a real estate transaction, a dual agent is tasked with representing both the buyer and the seller. The primary responsibility of a dual agent is to advocate for both parties, ensuring that they are treated fairly and that their interests are considered. This role involves navigating the potential conflicts that arise when one agent represents both sides of the deal while maintaining a neutral stance.

The ability to handle all issues that may arise during the transaction is part of this advocacy role. A dual agent must facilitate communications, negotiate terms that are acceptable to both parties, and ensure compliance with legal obligations while upholding ethical standards. This can be particularly complex, as the dual agent must be careful not to favor one party over the other, thereby maintaining a balance that serves the interests of both buyers and sellers.

While negotiation skills and prioritizing the interests of one party are certainly important in typical agency relationships, they take on a different dimension in dual agency, where the agent must ensure that all parties feel equally represented.