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Updated about 14 years ago on . Most recent reply
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Is there a conflict of interest here?
This isn't quite a hypothetical question, but I'll keep it general in nature.
I've noticed a few husband/wife teams (or couples in alternative relationships) where both are real estate professionals. If one were the listing agent of a certain property and the other were acting as the buyers agent for the same, could this be construed as a conflict of interest as both of them share a household together? Would you trust the buyers agent with confidential buyer information you wouldn't want shared with their partner?
Thanks for the advice, BP team!
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Many brokers (and probably many states) would consider this a dual agency situation, where essentially one party is representing both sides of the transaction.
In some states this is legal and in other illegal.
Where I live, it's legal as long as all parties (buyer, seller and broker) agree in writing that they are willing to accept a dual agency relationship.
So, short answer is that -- assuming it is even legal in your state -- it probably requires full disclosure in writing by all parties. If those conditions are satisfied (all parties agree in writing), I see no conflict of interest.
Of course, if it's not disclosed, it certainly appears to be a conflict...