Pebble,
It really depends on what the real estate brokers contract states. Also, it depends on the Realtor. NOT all Realtors are created equal. A lot are in just to make a quick commission and don't go all out for their clients. Even though the Realtor is a reflection and representing the brokage firm that holds their license.
I worked ( and consider myself and EBA) several years for a firm that was an exclusive buyers agents only, we represented no sellers. That way there was never no discrepency on who's side we were on. Because a listing agents job is to get the highest amount as possible for the seller.And exclusive buyers agent- works exclusively for you in negotiating the lowest price and best terms.
If you Realtor works for a broker that also lists homes. They are usually going to try to sell you in house listings first. But see the problems begin when you have what we call "dual" agency. The broker is legally representing both parties.
When I was an active realtor I went above and beyond what I was suppose to do as an agent. Not for the money factor, but because I truly loved my job in helping families find the perfect home. I had a couple from New York buy their house site unseen from me, I picked their house after personally looking at almost 100 houses for them in 4 months! lol Because lets face it. Your home is your largest investment ever!
I did help put my clients in touch with lenders that I knew who could get the job done given the clients credit situation and I always stayed on top on things. I showed up for the appraisals, scheduled the home inspections, set up the closing with the attorney, researched the property tax records and school districts. etc. But it is not necessarily all the realtors job either. It is also up to you to do your own research as well.Especially with mortgage rates.
Because lets face it, we don't want no surprises at closing and if all isn't done and done correctly, there is no closing! And this is were tempers can flare and feelings get hurt. And deals fall completely through. I have seen this happen a lot!
I suggest you look around and meet with several realtors in your area and "interview" them to make sure they are a perfect fit for you. And likewise, if you are already in a brokerage agreement you can cancel that agreement in writing to the broker/realtor at anytime and move on. One caveat though is IF your agent has shown you a property and you then buy that property through a new agent then you may have to pay a commission to the first broker/realtor who originally introduced you to the property. So read your buyers agency contract very carefully.
HTH you a little.
Laura
Quote:
Originally Posted by pebbles829
What are the duties of a Real Estate Agent for a buyer? When you sign a contract between you & your agent he is representing you as buyer but what else does he do? Is he supose to take you to a loan officer & keep track of everything & inform you about your loan, inspection, & so on?
I was told that the only thing a agent is supose to do is
1- find you a home
2- negotiate price
3- get you in a contract
Please Help!
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