[quote=spdrun]I didn’t think that dual agency in the case of short sales was actually legal. I suppose the buyer could agree to represent themselves without the seller’s agent working for them.[/quote]
In CA, buyers MUST have representation when buying a property listed by a RE broker.
If they make an offer with the LA without representation, then the LA will be their agent or he/she will get another agent in his/her brokerage to “represent” them. This is still considered “dual agency.”
Here in the Bay Areas, people bid on houses and none contingency offers are everywhere. I have made three offers but all lost to none contingency offers. One townhome listed for $700k, and sold for $880k. One single house listed for $960k, and I could not buy it for $1.02M. The other tiny single house listed for $850k, and we offered $920k and lost it again (today)!!!
You may noticed that we have been throwing out offers to different kinds of properties. Because of the tiny inventory and intense competition, we make all kinds of offers.
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