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Newspaper
Anaheim Bulletin
Location
Anaheim, California, United States of America
Date
Aug 20, 1992
Page
14
A column on dual agency explores whether one brokerage can fairly represent both buyer and seller. It notes advocates call the term an oxymoron while California law refrains from dual fiduciary duties. Industry talks three models, including specialized brokerages, as potential paths forward.
Patrick Veling argues buyer brokerage could redefine real estate practice by shifting fees and agency roles. He notes legal risks for buyers and lenders, suggests redefining brokers as facilitators, and calls for nationwide legal revisions as terminology and fiduciary duties evolve.
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