Things Real Estate Agent Need To Know Silver City 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

Wagon Wheel Realty
(505) 388-5038
1780 Highway 180 E
Silver City, NM
Smith Real Estate & Property Management
(505) 538-5373
505 W College Ave
Silver City, NM
United Country-Mimbres Realty Inc
(505) 538-3789
Silver City, NM
Wagon Wheel Realty Inc
(505) 388-2692
2105 Memory Ln
Silver City, NM
Grant County Realty
(505) 388-2595
1960 Highway 180 E
Silver City, NM
Silver City Real Estate Inc
(505) 534-0441
304 E 17th St
Silver City, NM
Smith Real Estate & Property Management
(505) 388-2297
Silver City, NM
Silver City-Regional Association of Realtors
(505) 538-2665
1607 N Gold St
Silver City, NM
Western Realty
(505) 538-3000
530 Highway 180 W
Silver City, NM
Smith Real Estate
(505) 388-2297
PO Box 1290
Silver City, 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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