There’s an Ironic Twist at Play
Obeying the law and following the code of ethics actually works to pit DUAL AGENTS against home buyers. That’s not to say there’s anything wrong-headed with the law, unethical about the code or evil about human nature. The problem is the double-bind that comes from the very idea that an agent can serve the opposite interests of buyer and seller.
DUAL AGENTS May Have No Legal or Ethical Obligation to You
Unless your REALTOR is an EBA, (Exclusive Buyers Agent) his or her legal, ethical and fiduciary responsibility may be to the seller.
DUAL AGENTS Can’t Represent You Fully
With their fiduciary responsibility to the seller, non-EBAs can’t possibly offer home buyers complete, 100-percent real estate representation throughout the home buying process.
There is No Clear Code of Confidentiality to Guide DUAL AGENTS
Unlike a DUAL AGENT, all information (amount for which you’re pre-qualified, date must close on your current house, etc.) is treated completely confidentially.