All Topics > Real Estate Resources > Things Real Estate Agent Need To Know >

Things Real Estate Agent Need To Know North Carolina

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

Allen Tate Company
(704) 365-6910
6700 Fairview Road
Charlotte, NC

Beck Commercial Properties, Inc.
704-556-9696
4862 Cameron Valley Parkway
Charlotte, NC

Wilkinson and Associates
(704) 493-4547
7704 Arboretum Dr.
Charlotte, NC

Dula Real Estate
(704) 895-1011
18145 West Catawba Avenue
Charlotte, NC

Keystone Partners, LLC
(704) 927-3000
1915 Rexford Road
Charlotte, NC

Madison Commercial Real Esate Services
(732) 905-9400
1125 Ocean Avenue
Charlotte, NC

Prudential Carolinas Real
(704) 366-5545
2901 Coltsgate Road
Charlotte, NC

Prudential Carolinas Realty - Timothy S. Jones
(704) 488-9185
4529 Sharon Road
Charlotte, NC

Sonnenschein Nath & Rosenthal LLP
(704) 972-9000
2100 Rexford Road
Charlotte, NC

Exeter 1031 Exchange Services, LLC
1-866-393-8379
301 N. Main Street
Winston-Salem, NC

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

Allen Tate Company

(704) 365-6910
6700 Fairview Road
Charlotte, NC

Read more about Things Real Estate Agent Need To Know

- Discounters Vs. Full Fee Vs. Flexible Fee Real Estate Agents North Carolina

When selecting a real estate agent, it's important to understand the fees associated with one. In the following article, you'll learn about real estate discounters, real estate full fees, and real estate flexible fees.

- Making Money With Investments North Carolina
- Dealing With Dual Real Estate Agents North Carolina
- How To Find Real Estate Agent North Carolina
- Real Estate Agent Doesn't Cost Buyers More North Carolina
- Hassle Free Home Buying North Carolina
- Step 4: Finding a Real Estate Agent North Carolina
- Do You Need a Real Estate Agent to Sell Your House? North Carolina
- What to Ask When Choosing a Buyer's Agent North Carolina
- Advice On Selling A House North Carolina

Regional Articles

- Dealing With Dual Real Estate Agents North Carolina

Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller.

- Real Estate Agent Doesn't Cost Buyers More North Carolina
- Advice On Selling A House North Carolina
- Discounters Vs. Full Fee Vs. Flexible Fee Real Estate Agents North Carolina
- How To Find Real Estate Agent North Carolina
- Hassle Free Home Buying North Carolina
- What to Ask When Choosing a Buyer's Agent North Carolina
- Making Money With Investments North Carolina
- Step 4: Finding a Real Estate Agent North Carolina
- Do You Need a Real Estate Agent to Sell Your House? North Carolina

Related Local Event

Rebarcamp Rdu
Dates: 11/6/2009 - 11/6/2009
Location: Raleigh Regional Association of Realtors
Cary, NC
View Details

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

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