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Ethical dilemma regarding dual agency

Hi everyone,

I just started looking to buy my first house. I contacted a real estate agent couple of weeks ago to help me with this, and it took me more than a week to get the pre-approval letter, which i sent to him.

It's been almost a week and he hasn't called me or email me about any properties, so I started looking online to see if I could find anything, and so I did. I found this place with a great price and location, so I called up the listing agent to see if I could take a look at the property. After seeing the property, the listing agent told me if I had an agent or not, and I said I did, but he hasn't done anything yet. So he said he would dismiss the buy agent cut by reducing the price by almost 20k ( about 3%) if I go to the table with no agent.

Now I'm considering doing this. I know he could try to sell the property for more than its worth, but I have some contractor/flipper friends with years of experience who will be my side the whole time.

Am I being unethical? Am I missing something important here?

Thanks for the help in advance!

submitted by /u/AjicksTheGreat
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source https://www.reddit.com/r/RealEstate/comments/ouexdv/ethical_dilemma_regarding_dual_agency/
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