What is a 'dual agency' real estate transaction?

What is a 'dual agency' real estate transaction?

Chad Lund (Real Estate Agent) gives expert video advice on: What's biggest mistake I can make when selling my home in a sluggish market?; Can I make a profit on my home in a slow market?; What is a 'slow housing market'? and more...

A real estate agent representing both sides is called a dual agency, and it's a real tough position to be in because at the end of the day, Who are you representing? You've got a seller's interest, you've got a buyer's interest. If there's a pending point coming out, and no one can come to terms on it, who are you really representing? It gets into a real sticky situation; therefore, it could be a problem.