Agency Clarity in Real Estate: Navigating Buyer and Seller Representation with Michael Kahns and Rik Brescia

In this episode of Hudson Valley Real Estate Explained, Michael Kahns and Richard "Rik" Brescia discuss the topic of agency in real estate transactions. They explain what it means to have representation on both the seller and buyer sides, as well as the importance of understanding dual agency. They delve into the responsibilities and obligations of agents in representing their clients' best interests. The conversation also touches on the benefits of having a buyer's agent, such as negotiating better deals and providing guidance throughout the process. The hosts share insights from their own experiences and highlight some challenges with dual agency relationships. Finally, they mention that buyer representation has been under scrutiny recently due to lawsuits regarding commissions paid to buyer's agents by sellers. The episode concludes by emphasizing the importance of knowing who is representing you in a real estate transaction and ensuring trust in your agent's ability to negotiate on your behalf.