Things Real Estate Agent Need To Know Lynn MA

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

Overlook Ridge Apartments
(781) 397-2400
11 Overlook Ridge Drive
Revere, MA
FMCM Realty
(617)6691280
20 Westover Drive
Lynnfield, MA
NextStep Facility Solutions
781-321-5750
376 Washington St
Malden, MA
BAA Boston, Inc.
(617) 567-8881
Logan Airport, 400 Terminal D
Boston, MA
CleanNet of New England, Inc.
(781) 279-7090
100B Maple Street
Stoneham, MA
Harvey Nash
(781) 928-9164
92 Montvale Avenue, Ste. 3675
Stoneham, MA
Micro Support Group, Inc.
(978) 921-0617
6 Washington Street
Beverly, MA
Cummings Properties-Beverly
(781) 935-8000
107-L Cummings Center
Beverly, MA
Devonshire
(617) 720-3410
1 Devonshire Place
Boston, MA
McCall & Almy, Inc.
(617) 542-4141
One Post Office Square, Ste. 3740
Boston, MA

Things Real Estate Agent Need To Know

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

Featured Local Company

Overlook Ridge Apartments

(781) 397-2400
11 Overlook Ridge Drive
Revere, MA

Related Local Event
Urban Land Institute Spring Council Forum
Dates: 4/14/2010 - 4/16/2010
Location: John B. Hynes Veterans Memorial Convention Center
Boston, MA
View Details
Rate Article
     
Articles Insider

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