Things Real Estate Agent Need To Know Los Alamos 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

Property Connection the
(505) 672-1114
1702 McCurdy Rd
Los Alamos, NM
Quintana Agency
(505) 662-2166
2201 Trinity Dr
Los Alamos, NM
A Caspersen Company Realtors
(505) 662-9494
2101 Trinity Dr
Los Alamos, NM
Associates Real Estate Inc
(505) 662-7717
800 Trinity Dr Ste B
Los Alamos, NM
Elite Property Management
(505) 661-4222
1460 Trinity Dr
Los Alamos, NM
Re Max of Los Alamos
(505) 662-6789
108 Central Park Sq
Los Alamos, NM
Mary Beckman Real Estate
(505) 662-2333
Los Alamos, NM
Los Alamos Inc Realtors
(505) 661-1200
2101 Trinity Dr Ste D
Los Alamos, NM
Ten Thirty-One Exchange Corp
(505) 243-1031
Albuquerque, NM
Babington Carol & Associates Realtors
(505) 521-0200
5018 Tierra Blanca Rd
Las Cruces, 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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