Comments on: The Shortcomings of “Dual Agency” http://www.hawaiilife.com/articles/2008/09/the-shortcomings-of-dual-agency/ Hawaii Real Estate Market & Trends Fri, 10 Feb 2012 07:03:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Prices Drop 50-60% On Mauna Lani Resort Building Sites | HawaiiLife.com http://www.hawaiilife.com/articles/2008/09/the-shortcomings-of-dual-agency/comment-page-1/#comment-600 Prices Drop 50-60% On Mauna Lani Resort Building Sites | HawaiiLife.com Thu, 14 May 2009 22:11:24 +0000 http://blog.hawaiilife.com/?p=32#comment-600 [...] Developer agents are no different than any other listing agent.  The represent the Seller, and have fiduciary and confidentiality obligations to their client. However genuinely nice and helpful they are to you as a prospective buyer, technically you are an unrepresented customer.  Even if they could promise to also represent you as a buyer, there are inherent conflicts in dual agency, which is why we have a policy against it at Hawaii Life. [...] [...] Developer agents are no different than any other listing agent.  The represent the Seller, and have fiduciary and confidentiality obligations to their client. However genuinely nice and helpful they are to you as a prospective buyer, technically you are an unrepresented customer.  Even if they could promise to also represent you as a buyer, there are inherent conflicts in dual agency, which is why we have a policy against it at Hawaii Life. [...]

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]]> By: mel lissner http://www.hawaiilife.com/articles/2008/09/the-shortcomings-of-dual-agency/comment-page-1/#comment-298 mel lissner Thu, 12 Feb 2009 03:48:41 +0000 http://blog.hawaiilife.com/?p=32#comment-298 hi from a "jersey boy"...........it's a pleasure to see "ethic" and ethical thinking in our industry.........we need a central "university" type foundation where respected practitioners have the support of academics who are respected nationally..........the sub prime fiasco even topped the dual agency dillema........good luck in all your endeavors.......... sincerely, mel hi from a “jersey boy”………..it’s a pleasure to see “ethic” and ethical thinking in our industry………we need a central “university” type foundation where respected practitioners have the support of academics who are respected nationally……….the sub prime fiasco even topped the dual agency dillema……..good luck in all your endeavors………. sincerely, mel

]]> By: Mike (Dallas) http://www.hawaiilife.com/articles/2008/09/the-shortcomings-of-dual-agency/comment-page-1/#comment-287 Mike (Dallas) Sat, 03 Jan 2009 00:45:30 +0000 http://blog.hawaiilife.com/?p=32#comment-287 Yeah i am kinda the same way. When someone calls off my for sale listings i will give them to one of my other agents in my office. I dont want to work both side. To much risk Yeah i am kinda the same way. When someone calls off my for sale listings i will give them to one of my other agents in my office. I dont want to work both side. To much risk

]]> By: Joel Stern http://www.hawaiilife.com/articles/2008/09/the-shortcomings-of-dual-agency/comment-page-1/#comment-218 Joel Stern Tue, 25 Nov 2008 14:51:37 +0000 http://blog.hawaiilife.com/?p=32#comment-218 I found this website by chance while doing research on the harmfulness of dual agency, and totally endorse the views expressed above. I myself was victimized in 2005 by a sham buyers agent working for Weichert Realty of Maryland, who switched roles without my informed consent at the very last moment to become a sellers agent. If you want to learn more about my case, go to Google and type in my name "Joel Stern", then "Weichert"; you'll find many blogs and websites about my lawsuit. Contact me if you'd like further information, which could greatly benefit unwary consumers in the housing market. I found this website by chance while doing research on the harmfulness of dual agency, and totally endorse the views expressed above. I myself was victimized in 2005 by a sham buyers agent working for Weichert Realty of Maryland, who switched roles without my informed consent at the very last moment to become a sellers agent. If you want to learn more about my case, go to Google and type in my name “Joel Stern”, then “Weichert”; you’ll find many blogs and websites about my lawsuit. Contact me if you’d like further information, which could greatly benefit unwary consumers in the housing market.

]]> By: Katie Minkus http://www.hawaiilife.com/articles/2008/09/the-shortcomings-of-dual-agency/comment-page-1/#comment-77 Katie Minkus Tue, 09 Sep 2008 18:18:01 +0000 http://blog.hawaiilife.com/?p=32#comment-77 At Lava Rock Realty, we have the exact same policy, and are perhaps the only Big Island Broker to do so. This too was born from a desire to actually serve our customers and not simply shuffle paperwork and collect commissions at closing. There are several BIG Brokerages on the Big Island (who shall remain nameless) who's take on this is a bit more sinister - instead of authorizing "dual agency" they simply make the buyer a "customer" WITHOUT DISCLOSING THIS TO THE BUYER! Completely unethical and illegal, but these are the "big boys" so who is going to complain? Not us. At Lava Rock Realty we're simply too busy serving our clients to bother worrying about the competition - we're conducting our business practice out of our moral center, which means keeping alive the concepts of agency, fiduciary duty and true care for our clients. The fact that we are often "picked on" by these "big boys" only serves to remind us that were we not doing something right, we wouldn't be attracting so much attention! It's difficult to be an agent of "change" but we are committed to changing the Real Estate Industry in Hawaii - and leading by example. Great job, Matt and Hawaii Life - you are to be admired and rewarded for your ethical and moral stance. Together, we CAN change this industry. Warm aloha, Katie Minkua, R (BIC). www.lavarockrealyc.om At Lava Rock Realty, we have the exact same policy, and are perhaps the only Big Island Broker to do so. This too was born from a desire to actually serve our customers and not simply shuffle paperwork and collect commissions at closing. There are several BIG Brokerages on the Big Island (who shall remain nameless) who’s take on this is a bit more sinister – instead of authorizing “dual agency” they simply make the buyer a “customer” WITHOUT DISCLOSING THIS TO THE BUYER! Completely unethical and illegal, but these are the “big boys” so who is going to complain? Not us. At Lava Rock Realty we’re simply too busy serving our clients to bother worrying about the competition – we’re conducting our business practice out of our moral center, which means keeping alive the concepts of agency, fiduciary duty and true care for our clients. The fact that we are often “picked on” by these “big boys” only serves to remind us that were we not doing something right, we wouldn’t be attracting so much attention! It’s difficult to be an agent of “change” but we are committed to changing the Real Estate Industry in Hawaii – and leading by example.

Great job, Matt and Hawaii Life – you are to be admired and rewarded for your ethical and moral stance. Together, we CAN change this industry. Warm aloha,
Katie Minkua, R (BIC). http://www.lavarockrealyc.om

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