Friday, May 26, 2006
HOW REAL ESTATE AGENTS WORK
How Real Estate Agents Work
Seller's Agent
If you are selling your home, you may want to "list" your property for sale with a real estate firm. If so, you will sign a "listing agreement" authorizing the firm and its agents to represent you as your seller's agent in your dealings with buyers. You may also be asked to allow agents from other firms to help find a buyer for your property. Be sure to read and understand the listing agreement before you sign it.
Buyer's Agent
When buying real estate, you may have several choices as to how you want a real estate firm and its agents to work with you. For example, you may want them to represent only you as a buyer's agent. You may be willing for them to represent both you and the seller at the same time as a dual agent. Or you may agree to let them represent only the seller as the seller's agent or subagent. Some agents will offer you a choice of these services. Others may not.
Dual Agent
You may permit the listing firm and its agents to represent a seller and a buyer at the same time. This "dual agency relationship" is most likely to happen if you're selling your home and an agent with your listing firm is working with someone who wants to purchase your property. If this occurs and you have not already agreed to a dual agency relationship in your listing agreement, your listing agent will ask you to sign a separate agreement or document permitting the agent to act as agent for both you and the buyer. It may be difficult for a dual agent to advance the interests of both the buyer and seller. Nevertheless, a dual agent must treat buyers and sellers fairly and equally. Although the dual agent provides services on both sides of the transaction, buyers and sellers can prohibit dual agents from divulging certain confidential information about them to the other party.
Always remember to talk to several Real Estate Agents before buying or selling your home.
Below are some great online resources to help you buy or sell your home;
Refinance Now. Bad Credit? No Problem. We do the paperwork!
Mortgage Rates Are Still Low! Homeowners Click Here
Ameriquest Mortgage
Until Next Time!
Jasmine
http://barworks.blogspot.com
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