This is a very polemic and sometimes frustrating issue. As a broker I represented buyer and seller on the same transaction a few times. Only 10% of my transactions fall in this category. I praise myself for being a honest broker and I would not compromise my seller or the final price in order to get a double commission. Unfortunately not all agents are like that and with the increase of multiple offers we are starting to see this happening more often. So many times I get calls about listings and the buyers tell me they want to go direct to the listing agent not only to make sure they get it, but also to get a better price. In a recent case there was a loft that sold for $370k and could have fetch close to $500k if the agent was not greedy and wanted to double end. While we still have more good agents than bad we have a few bad apples on our garden.
9 Jun 2012 · by ChrisSampaio
Just keep in mind that agents primary duty is to the seller and is very hard to represent two parties with the same fiduciary duty.