ACTUALLY, THERE'S LITTLE "DUAL" ABOUT IT. When you consider who the REALTOR really represents, the term's inaccuracies quickly become clear; A DUAL AGENT'S PRIMARY FIDUCIARY RESPONSIBLITY IS TO THE SELLER!

To see how real estate representation really works, take a look at the three type of agencies. (Actually, the Minnesota Association of REALTORS says there are five "options for relationship" between agent and home buyer. That's according to its rundown of Agency Law Governmental Regulations.) Click here to download a copy of the agency agreement that is required by state law. But, from your perspective as a home buyer, it boils down to the following three:

SELLER AGENCY

DUAL AGENCY

BUYER AGENCY

Click to Learn More About Seller Agencies >>