You are not a utility and kind find yourself in legal troubles.We manage a small park and are about to do the same thing.

Would this even be legal if I wished to entertain this offer, and would the majority of you just steer clear, even if they meet all other requirements?

And beyond the legality of dual agency I was wondering about the wisdom of using one or staying away.

Agents are legally bound by their license to be fair and honest, however- keep in mind that the listing agent doesn't work for you, he/she works for the seller. 

John Barkow Not legal advice: I view it as the LLCs money as opposed to mine, then I pay myself from the LLC.

I bet they are in it 50k on legal fees now its highly complicated Old railroad right away that was bought by the state and now its a state asset were they are making it a bike and walking path and the state it turns out cannot be sued for an easement of necessity.. its quite complicated really at the end of the day its a 500k chunk of dirt they either get me my right of way or cut me a check,Now that I am doing business in your fare state and in Charleston SC that has old old parcels and deeds that go back pre civil war..

@Travis BuckI likely wouldn't get legal advice from an EA or CPA. 

Since I am using FHA to leverage my next property, anyone aware if that program has restrictions on my situation?

I learned a ton- lots of legal stuff and details regarding the broker's responsibilities, an agent's responsibilities both to the client and the broker, it was really interesting.

@Ericka Grant I cannot speak on the legality of any of this as I am not an attorney.