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What is meant by "monitor progress" in relation to the agent's role in the construction process?
You look and see where the home is with respect to finishing. You then compare it with the schedule. If an apparent discrepancy you alert your client or query the builder and inform your client of the status.
There...that was not hard was it?
IS the Realtor qualified to do so? Most can successfully determine when framing is up or the roof on or the home is stuccoed. Not exactly rocket science.
With with with. The builder's sales agent is NOT your friend, no matter how sweet they seem. And he/she has a priority: Make their employer happy - just like any other employee. I've always wondered why nobody trusts car salesman, but when it comes to big bucks like a house, they trust the builders agent? WTH is up with that?
Our agent saved us about 12k by documenting what the sales agent told us was included in the base pricing, but month's later at the pre-construction meeting, they had disappeared. The house wasn't even placed on the lot the way she said it would be (which was a HUGE issue for us.)
We were relocating from Phoenix to Raleigh, and she saved me from making some really bad choices at the design Center (my selections would have been perfect for the SW but totally out of place in Raleigh. Like I wanted all wood floors except for the kitchen where I wanted travertine. Ever seen that in Raleigh? Nope. But it's pervasive in phoenix.)
Hell, without the agent, we never even would have heard or seen the community and this house. We love both.
This "Buyers Agent" was slow to catch on on Long Island. 17 years ago (my last home purchase) I was not even aware they existed. 10 years later when my son was in the market for a home he looked at several using an agent. The sellers agent would have paid the buyers agents commission but I sensed they were not happy about it. Today everyone has a buyers agent.
I just do not see how an adult needs someone to negotiate a deal for them, either you like the price you negotiated (I can find my own comps,We have the internet LOL) or you don't . You hire your own inspector, search the town records (the title co is going to do it anyway) and work from there.
You and a good Real Estate Attorney can do it, To the OP, Get your self a good Attorney who knows construction and Get it done.
I'm in SC and I pretty much agree with Mike. You typically pay the same price with or without an agent. There are many threads about this, just search the forum and you'll find dozens of threads you can read though.
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