tours of homes in which you might be interested.
They will give you insights into the floor plans, the home’s pertinent selling points, and the overall condition. It will recommended that you will check into crime in the area, local activities, restaurants, shopping centers, and schools nearby. Your agent will assist you in ensuring inspections of the homes are complete, as well as the disclosures therein. They will also assist you with implementing results of inspectors, lenders, and all other professionals involved with the purchase of the home.
DUAL AGENCY: THE BASICS
A “dual agency” relationship occurs when a buyer is being represented by a brokerage firm that also has the listing. Once a broker represents both the seller and the buyer within the same transaction, the situation is known as “dual agency.” In multiple states, this is illegal because of the conflicts of interest that can arise regarding the broker. Even in states where allowed, dual agency must be clearly disclosed and consented to and by all parties involved. This arrangement can create potential conflicts of interest, and buyers should be fully aware of these implications before agreeing to dual agency. All agents hold the same responsibility, which is to inform their clients of all potential risks that could arise due to conflicts of interest. Legally, agents are not allowed to work on both sides of any transaction without consent from the clients.
If you’re selling your home and you don’t want your agent to also
11
Powered by FlippingBook