My agent represented me at closing. I was not given the closing costs beforehand. When I got the information from the closing (he's in NJ. I"m in FL), I feel he didn't even read the costs, nor did he question any of the costs. He was also representing the buyer. It was a cash deal. I was told by a former real estate agent he thought dual representation was illegal under federal law. Is that so. I was shocked that the costs were so high. If I had been there in person, I would have questioned the costs.
While it is legal, it is completely inappropriate. You should also have been been represented by counsel at the closing, but it doesn't sound like you were. Federal law has nothing to do with this at all. I can only provide advice on NJ law, FL law is irrelevant to a NJ transaction.
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It is legal in NJ to have a dual agency provided there is proper disclosure in writing. It is required to be stated in the Real Estate Sales Contract.
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