Things Real Estate Agent Need To Know Aztec NM

Real estate agents would say that the more you tell them, the better they can negotiate on your behalf. However, the degree of trust you have with an agent may depend upon their legal obligation.

Local Companies

Century 21 Sowesco Realty
(505) 333-2670
123 S Main Ave
Aztec, NM
Gordon Crane Investment
(505) 334-6111
501 Llano St
Aztec, NM
Ramsey Realty
(505) 334-6187
100 N Main Ave
Aztec, NM
Huhn D L Real Estate
(505) 828-9978
5343 Wyoming Blvd NE
Albuquerque, NM
Moya Group Inc
(505) 243-4500
4420 Tower Rd SW
Albuquerque, NM
Glenwood Hills Realty
(505) 292-7315
4710 Tramway Blvd NE Ste C8
Albuquerque, NM
Spring Canyon Ranch
(505) 773-4939
Quemado, NM
Vaughan Company Realtors the
(505) 797-1100
6753 Academy Rd NE
Albuquerque, NM
Buena Vista Realty
(505) 359-0670
521 W 2nd St
Portales, NM
Hensley Theodore B
(505) 899-1064
9511 4th St NW
Albuquerque, NM

Some states require agents to disclose all possible agency relationships before they enter into a residential real estate transaction. Here is a summary of the three basic types:

1. In a traditional relationship, real estate agents and brokers have a fiduciary relationship to the seller. Be aware that the seller pays the commission of both brokers, not just the one who lists and shows the property, but also to the sub-broker, who brings the ready, willing and able buyer to the table. It most cases you will have 2 broker’s splitting the commission.

Dual agency exists if two agents working for the same broker represent the buyer and seller in a transaction. A potential conflict of interest is created if the listing agent has advance knowledge of another buyer's offer. Therefore, the law states that a dual agent shall not disclose to the buyer that the seller will accept less than the list price, or disclose to the seller that the buyer will pay more than the offer price, without express written permission. Many times it makes sense to “assign” someone in your office one side of the transaction, thus assures there is no conflict of interest.

A buyer also can hire his or her own agent who will represent the buyer's interests exclusively. Sometimes a buyer's agent must be paid out of the buyer's own pocket but the buyer can trust them with financial information, knowing it will not be transmitted to the other broker and ultimately to the seller. More often the seller pays both the selling broker and the buyer’s broker.

About the Author:

Christine Hancock began her real estate career proving herself a top producer on a new high rise development. This experience gave her valuable knowledge of construction as well as the buying process and resulted in 4-million dollars in sales during her first year.

www.getanewhome.net

chris@getanewhome.net


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