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Things Real Estate Agent Need To Know Georgia

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

Sperry Van Ness
404-303-1232
8975 Roswell Road
Atlanta, GA

Metro Brokers/GMAC Real Estate
770-231-9387
1175 Buford Road
Cumming, GA

Ackerman & Co.
770-913-3940
10 Glenlake Parkway, South Tower
Atlanta, GA

Adams Commercial Realtors
404-688-1222
458 Cherokee Ave. S E
Atlanta, GA

AMLI Residential
404-471-1140
2500 Shallowford Road
Atlanta, GA

Atlanta Apartment Association
770-518-4248
8601 Dunwoody Place
Atlanta, GA

Braden Fellman Group, LTD
404-876-6432
931 Ponce de Leon Avenue, NE
Atlanta, GA

Clairmont Oaks, Inc.
404-634-3263
2982 Briarcliff Road NE
Atlanta, GA

Corporate Property Advisors, Inc.
770-953-4050
600 Galleria Parkway
Atlanta, GA

Cousins Properties Incorporated
770-955-2200
2500 Windy Ridge Pkwy.
Atlanta, GA

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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Featured Local Company

Sperry Van Ness

404-303-1232
8975 Roswell Road
Atlanta, GA
www.svn.com

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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