People think they can work with multiple agents and choose none of them and proceed with the sale, but what they don’t know is that they could be throwing away thousands of dollars and putting themselves in a strange position.
Loyalty: When you work with multiple agents, it can be difficult to establish a clear relationship of loyalty with any one of them. This can lead to confusion and misunderstandings about who is representing you and what their responsibilities are.
Representation: Real estate agents owe a fiduciary duty to their clients, which means they must act in their client’s best interest. When you work with multiple agents, it can be difficult to ensure that each agent is acting solely in your best interest.
Legal issues: Depending on the state and the agreements you have in place with each agent, working with multiple agents could potentially lead to legal issues. For example, if two agents both claim to have represented you in a transaction, it could lead to disputes over commissions and potentially even lawsuits.