Things Real Estate Agent Need To Know Delaware

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

Ft Real Estate Information Mortgage Solutions Inc
(302) 427-4377
300 Delaware Ave
Wilmington, DE
Nv Homes
(302) 539-2128
30723 Whites Neck Rd
Dagsboro, DE
Harrington Realty
(302) 653-9291
211 N Dupont Blvd
Smyrna, DE
Bryde Susan S Real Estate
(302) 239-2343
700 Lantana Dr
Hockessin, DE
Forbes Robert C Real Estate
(302) 733-7077
680 S College Ave
Newark, DE
Baum Lee B
(302) 234-6023
7234 Lancaster Pike
Hockessin, DE
Hamilton John
(302) 736-6545
1404 Forrest Ave
Dover, DE
Prudential Fox & Roach Realtors
(302) 368-1621
850 Library Ave Ste 106
Newark, DE
Timmins Joanne Real Estate
(302) 239-2343
700 Lantana Dr
Hockessin, DE
Long Margie
(302) 234-6035
7234 Lancaster Pike
Hockessin, DE

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


Article Source:

thePhantomWriters Article Submission Service


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History