My preference is designated agency (separate Buyer and Seller brokerage representation) for the sake of consumer protection. There may be a case where I, or another Raven Realty agent, are on opposite sides of the transaction. We will absolutely discuss your options if this rare situation arises.
Designated agency:
In a designated agency relationship, a broker may assign two agents to work with the parties: one to represent the seller as a seller’s agent, and one to represent the buyer as a buyer’s agent. Each agent provides full negotiation services to the respective client, offering advice and opinions to assist that client even if that advice favors the interests of that client over the broker’s other client. Each agent also keeps the confidential information of each client private. Both parties must consent in writing to create designated agency.
Multiple representation:
In multiple representation (without designated agency), or “dual agency,” as we used to call it, the agents working with the buyer and seller take on a neutral role in negotiations. Each agent working with the parties prepares contract proposals as directed by the client, but may not provide either party with advice about how to gain advantage over the other. While a multiple representation relationship may limit the services provided to a particular client, it does increase the likelihood of the right buyer and seller finding each other. Without party consents to a multiple representation relationship, the company is not able to show its buyer clients the listings of its seller clients.