What does a dual agent do during a real estate transaction?

In a real estate transaction, a dual agent plays a critical role by representing both the seller and the buyer. This situation often arises when the same brokerage represents both parties, or when one agent acts for both the seller and buyer.

The dual agent must navigate the interests of both parties, facilitating communication and negotiations while maintaining a level of impartiality. This requires a deep understanding of both perspectives in order to mediate effectively, ensuring that the needs and concerns of both sides are addressed adequately.

In situations where dual agency is in effect, it is important for the agent to maintain transparency and provide equal service to both clients, making sure that each party is fully informed about the transaction's aspects while not favoring one over the other. It's a unique dynamic that can potentially lead to a smoother transaction if managed well, but it also requires a high degree of trust from both parties involved.