Real Estate Fiduciary Services
BOSTON – Buying and selling real estate can be tricky business. In Massachusetts, real estate sales agents routinely represent both the buyer and seller in the same transaction, a practice known as dual agency. According to real estate broker Andrew Haigney, “In a dual agency situation, the “double agent” is relieved of the fiduciary duty they may have owed one of the parties, and even better, the agent typically gets double the compensation.” Haigney calls these the high-five transactions – where the agents go back to the office and high five everyone. Haigney thinks it’s time that consumers have a level playing field.