Looking to Buy a Home?
I work with a lot of first time buyer's as well as move up buyer's and part of my job and passion is to educate them on the do's and don'ts of the home buying process. I am a brutally honest person and I let people know that right up front. You will either like my candor and honesty or move on and seek someone that will tell you what you "want to hear."
With that being said, one of the things that I'd like to point out right up front is this. If you decide that you would like more information about a particular home and call the phone number on the yard sign or attend an open house, you will be speaking with the same Realtor that promised their seller they would sell that home for the most amount of money possible. If you proceed to view the home with the same Realtor, you would become involved in a "dual agency" position.
What is the difference in agency relationships?
Representing the Sellers
Most sellers of real estate choose to list their home for sale with a real estate brokerage. When they do so, they sign a listing agreement that authorizes the brokerage and the listing agent to represent their interests. As the seller’s agent, the brokerage and listing agent must: follow the seller’s lawful instructions, be loyal to the seller, promote the seller’s best interests, disclose material facts to the seller maintain confidential information, act with reasonable skill and care and, account for any money they handle in the transaction. In rare circumstances a listing broker may offer “sub-agency” to other brokerages which would also represent the seller’s interests and owe the seller these same duties.
When purchasing real estate, buyers usually choose to work with a real estate agent as well. Often the buyers want to be represented in the transaction. This is referred to as buyer’s agency. A brokerage and agent that agree to represent a buyer’s interest in a transaction must: follow the buyer’s lawful instructions, be loyal to the buyer, promote the buyer’s best interests, disclose material facts to the buyer, maintain confidential information and, account for any money they handle in the transaction.
Occasionally the same agent and brokerage who represents the seller also represents the buyer. This is referred to as dual agency. When a brokerage and its agents become “dual agents,” they must maintain a neutral position in the transaction. They may not advocate the position of one client over the best interests of the other client, or disclose any confidential information to the other party without written consent.
I would be pleased to represent and protect your best interests in a transaction. Give me a call today!