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Double dipping...

12/28/2018

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​Because integrity will always be at the heart of my business, I do not "double-end" transactions. That means I won’t represent a buyer on one of my listings. As your hired agent, my legally binding fiduciary duty is to broker a deal on your behalf and protect your best interest throughout the process. While it's currently legal in California (and not in some other states), I personally don't feel that it's in anyone's best interest (including mine) to try to serve the "best interest" of two parties on two opposite sides of a deal. I wouldn't allow an agent to do that representing me, so why would I do that to you?

Some agents strongly disagree with me and one said, "well you just don't have the skill set to do it." Actually, I do, but I’d rather be able to sleep at night. The classic example is if my seller tells me, "My bottom line is 1 million, but I hope we can get more." And then my buyer tells me, "I could go to 1.2 million, but I'd like to bid less." Really? How should I advise my buyer to bid in that situation and represent "everyone's" best interest?

Of course I’m going to beat the bushes for buyers if I am representing your property. When I find one, I have an exceptional team of colleagues who can step in to assist unrepresented buyers. I receive a referral fee, but I have no further contact with those buyers and you will know who they are when the bids come in. If you’re a buyer client of mine and find that one of my listings is the perfect fit for you, I follow the same process.

Lastly, some agents will offer their sellers a discount if they double-end the deal. That type of deal is the best example of what “you get what you pay for” truly means.

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​​415-770-7771
Kimberly@KimberlyTeal.com

​Kimberly Teal
Broker Associate
Certified Luxury Property Specialist

REALTOR® |AS, SRES | DRE#01972699
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Kimberly Teal is a real estate broker licensed by the state of California affiliated with Compass. Compass is a real estate brokerage licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Nothing herein is intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Website created and administered by Kimberly Teal, 2021©, all rights reserved.

  • Listings
  • Luxury
  • Communities
    • Belvedere / Tiburon
    • Corte Madera
    • Fairfax
    • Kentfield/Greenbrae
    • Larkspur
    • Mill Valley
    • Novato
    • Ross
    • San Anselmo
    • San Geronimo Valley
    • San Rafael
    • Sausalito
    • West Marin
  • About
    • Testimonials
    • Closed Transactions
    • Exclusive Offers
  • Sellers
    • Seniors
  • Buyers
    • Schools
  • Market Update
  • Insights