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Old 04-24-2013, 05:01 PM
 
9 posts, read 23,878 times
Reputation: 20

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Help!
My new real estate agent in Nevada says I have to sign the Consent to Act form.
The form says that, at times, the agent may have to represent different parties with conflicting interests. I thought my agent is my agent and can not represent someone else.
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Old 04-24-2013, 10:19 PM
 
Location: Pahrump, NV
2,180 posts, read 2,941,442 times
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i'm leery of anyone telling me i HAVE to sign a form. if this one doesn't give you the warm fuzzies, find another one.
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Old 04-27-2013, 12:24 PM
 
157 posts, read 252,357 times
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Realtors have a lot of different clients at a time. You really expect to be the only person the realtor is helping? A person can take years to buy or sell a house...
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Old 04-27-2013, 09:46 PM
 
Location: Reno
843 posts, read 1,825,386 times
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Find a buyers agent, the form sounds like it's related to the fact that the realtor may show you a house that he/she is also the selling agent for. Buyers agents don't sell houses so there's no need for a form like this.
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Old 04-28-2013, 08:48 AM
 
Location: Sierraville
211 posts, read 268,655 times
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Remember that the agent normally is paid by the seller, not the buyer. An immediate conflict of interest.
You want the least possible price, the agent is paid on commission, the more you pay the more money the agent makes, another conflict of interest that realtors don't like to talk about.

If you want to pay the agent, you escape all that, but, the money comes from your pocket, not the proceeds from the home sale.
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Old 04-28-2013, 02:43 PM
 
12,973 posts, read 12,705,560 times
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Get a new agent. I have not used nor even seen a consent to act in some years. . The only purpose for a consent to act is to allow the agent to act for both parties in a transaction. Looking for it up front is a sign of an agent who is more into money than client well being.

You can do better
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Old 04-28-2013, 02:50 PM
 
12,973 posts, read 12,705,560 times
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Quote:
Originally Posted by Sierravillian View Post
Remember that the agent normally is paid by the seller, not the buyer. An immediate conflict of interest.
You want the least possible price, the agent is paid on commission, the more you pay the more money the agent makes, another conflict of interest that realtors don't like to talk about.

If you want to pay the agent, you escape all that, but, the money comes from your pocket, not the proceeds from the home sale.
It is a strange custom hallowed by history. But it in no way conflicts the agent...who is actually paid by the listing broker not the seller.

The agent is mildly conflicted by payment being better on a higher price. That conflict though is independent of who pays. It is also minor...The commission on a small price change is quite small to the agent while significant to the buyer and seller. In general a happy client is worth much more than a small commission increase.
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Old 04-28-2013, 07:26 PM
 
Location: Las Vegas, Nevada
12,686 posts, read 31,776,724 times
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Quote:
Originally Posted by lvoc View Post
It is a strange custom hallowed by history. But it in no way conflicts the agent...who is actually paid by the listing broker not the seller.

The agent is mildly conflicted by payment being better on a higher price. That conflict though is independent of who pays. It is also minor...The commission on a small price change is quite small to the agent while significant to the buyer and seller. In general a happy client is worth much more than a small commission increase.
Couldn't rep ya, but reps to ya.
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Old 07-01-2013, 04:30 PM
 
1 posts, read 4,255 times
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In Nevada, it is legal for an agent to represent both sides of a real estate transaction. We are one of the few states that allow this. It is called 'dual agency'. On our Duties Owed Form that you were asked to sign by your agent, there is a section were you can not allow 'dual agency', but still allow them to represent you.

All agents in Nevada will ask you to sign this form as they cannot work with you without your consent. However, you are never REQUIRED to let them represent you and the other party in the transaction.

Jimmy Chickey
Keller Williams Realty Southwest
Las Vegas NV Homes and Real Estate - Renaissance Realty Inc
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Old 07-01-2013, 06:01 PM
 
12,973 posts, read 12,705,560 times
Reputation: 5419
Quote:
Originally Posted by jimmychickey View Post
In Nevada, it is legal for an agent to represent both sides of a real estate transaction. We are one of the few states that allow this. It is called 'dual agency'. On our Duties Owed Form that you were asked to sign by your agent, there is a section were you can not allow 'dual agency', but still allow them to represent you.

All agents in Nevada will ask you to sign this form as they cannot work with you without your consent. However, you are never REQUIRED to let them represent you and the other party in the transaction.

Jimmy Chickey
Keller Williams Realty Southwest
Las Vegas NV Homes and Real Estate - Renaissance Realty Inc
Sorry but we are discussing the Consent to Act...not the Duties Owed. No one needs a Consent to
Act going in.

Dual Agency is common in lots of states.
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