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by brw12 4130 days ago
in nyc, i know that dual agency is the norm. you see sellers' brokers mildly sabotaging offers from buyers' brokers sometimes for this reason. agencies like Corcoran have built very tidy businesses by being sellers' brokers and buyers' brokers at the same time, and act that way whether there is any actual buyer's broker relationship at all.
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Buying an apartment in New York is actually one of the things that spurred us to start the company. My wife and I wanted to buy an apartment in New York, but by the time we had made our decision, the seller's agent we had been working with was replaced with a new agent by the buyer. The new seller's agent did not want to share the commission and made it very difficult for us to complete the transaction (even though this is illegal). More transparency and fewer big personalities is what we want to bring to the market with our service.