Your real estate transaction is one of the most important financial decisions that you will ever undertake. As a real estate professional, I understand this and want you to be fully aware of your representation options.
"Agency" in real estate refers to the nature of the fiduciary responsibility that exists between you and the real estate professional you choose to work with. Having a complete understanding of the nature of this relationship is the first step to working together to achieve your real estate goals.
Only after signing a legally binding document does a real estate professional become your agent. As your agent, that REALTORŪ now has a legal obligation to insure the protection of your best interests in every facet of the transaction.
Traditionally, real estate professionals worked mostly as agents of the seller, not the buyer. Their loyalties and responsibilities rested with those of the seller.
REALTORSŪ working with buyers were, in fact, acting as "sub-agents" of the seller, keeping the seller's loyalties ahead of those of the buyer. Often, the buyer had no idea of the true nature of this relationship.
Buyers may now retain a real estate professional to represent their financial and legal interests when it comes to the purchase of a home. It is now very common for the Co-operating Agent to disclose when he is presenting the seller with an offer that he is a Buyers Broker and will be representing the Purchaser under a Purchasers Agency Agreement.
The seller is of course represented by the Listing Agent. For further information and a brief synopsis of my Marketing Plan click the "Seller info" button below.
If you feel adventurous and think you would like to sell your property yourself without the benefit of a real estate agent click the "FSBO info" button below.
Either way is OK with me but if I can be of any help let me know.