REALTOR Magazine | Melissa Dittmann Tracey
REALTORS® in Washington State helped kill a legislative proposal that would have prohibited commercial practitioners from engaging in dual agency transactions, even as the business practice comes under deeper scrutiny in the real estate industry.
The Washington REALTORS® association and the state chapter of the Building Owners and Managers Association took a stand against the bill—which sought to define conflicts of interest that would prevent commercial agents from serving in a dual agency capacity—arguing that lawmakers should not interfere in real estate pros’ client relationships. The bill would have required, for example, that all parties and their attorneys sign a conflict of interest waiver in dual agency transactions.
To read the full story, click here: Washington REALTORS® Fight Off Bill to Limit Dual Agency