How should you respond to a teacher interested in a property you are representing?

When a teacher expresses interest in a property you are representing, it's essential to address the situation with transparency and professional ethics. The most appropriate response is to indicate that both parties—the teacher (the buyer) and the seller—should understand the potential for conflicts of interest that can arise when one agent represents both sides in a transaction. By emphasizing the need for mutual understanding and a written agreement, you promote a clear communication channel and protect the interests of both parties involved.

This response acknowledges the complexities of dual agency, where an agent represents both the buyer and the seller, which is permissible in many situations but requires full disclosure and consent from both parties. This approach ensures that all relevant parties are informed about the implications of dual agency, fostering trust and minimizing the risk of misunderstandings. Additionally, a written agreement serves as a safeguard, establishing mutual consent and confirming that both sides are aware of their rights and responsibilities, which is crucial in maintaining professionalism and adhering to legal and ethical standards in real estate transactions.