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My husband is a Realtor and he doesn't push that document on anyone, he only has them sign it when they are making an offer, yes, he may waste some time occasionally by showing people houses that aren't seriously ready to buy or may have already been working with another Realtor but he is not pushy and honestly once they meet him 9 times out of 10 they buy a house using him so it works.....
If you did not sign an exclusive buyer's agreement, what type of agency relationship do you have with the agent? Does the agent have any fiduciary responsibility to look out for your interests?
Because, without other signed contract or agreement, technically, real estate agents represent the sellers.
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Originally Posted by MAtoNC!
No, it is not. I know a few agents that don't want to work with people that don't want to work with them. Interesting concept... isn't it?
Quote:
Originally Posted by jinxor
If you did not sign an exclusive buyer's agreement, what type of agency relationship do you have with the agent? Does the agent have any fiduciary responsibility to look out for your interests?
Because, without other signed contract or agreement, technically, real estate agents represent the sellers.
What do you all think about an internet based realtor? Anyone heard of Ziprealty.com?
FL Teacher: I am also teacher in Florida looking for a home around 150K. My husband is relocating with his job so we don't really have an employment issue, but we do have a son that will be going to school soon. I have been looking at greatschools.net as well to see how the school in our areas rate. Of course, our son can always go to the school that i work at, but I want that to be our second option.
What do you all think about an internet based realtor? Anyone heard of Ziprealty.com?
Too many good local agents for me to waste time with somebody based on the internet. I want somebody I can meet face to face and interview them.
Find yourself a respected knowledgeable local realtor who will take the time to explain "Agency" to you. If you don't understand something ask lots of questions until you do. A good agent would never ask you to sign something you don't yet understand. Understanding their obligations to you and your obligations to them is the first step to a good working relationship.
Too many good local agents for me to waste time with somebody based on the internet. I want somebody I can meet face to face and interview them.
Find yourself a respected knowledgeable local realtor who will take the time to explain "Agency" to you. If you don't understand something ask lots of questions until you do. A good agent would never ask you to sign something you don't yet understand. Understanding their obligations to you and your obligations to them is the first step to a good working relationship.
Okay...so does anyone know or is a respected realtor who is willing to make our first time home purchase a positive experience? Since we're in FL i'll start with other peoples' referrals and go from there.
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"Made the Retirement Run in under 12 parsecs!!!"
(set 13 days ago)
Location: Cary, NC
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Quote:
Originally Posted by NYtoFLtoNC
Okay...so does anyone know or is a respected realtor who is willing to make our first time home purchase a positive experience? Since we're in FL i'll start with other peoples' referrals and go from there.
I bet you don't get many volunteers to contract to make it a negative experience...
that a written buyer's agreement is necessary for fiduciary responsibility to a potential buyer. (See Working With (http://www.ncrec.state.nc.us/publications-bulletins/WorkingWith.html - broken link))
While I would personally recommend a written agreement so that there are no misunderstandings, "Buyers' Agency" is the only agreement in North Carolina real estate that does not have to be in writing, at least until an offer iswritten up.
It IS required that agents give a written form of the "Working with Real Estate Agents" (material at the link), explain it and have it signed. There is a place on it for the client to check that they do NOT want to be represented by a buyer's agent and will be shown property with the agent remaining as a sub agent of the seller. It is NOT a contract, it only serves to prove that an agent has explained agency relationships to someone with whom they have "substantial contact".
Also, the buyer's agency, even if written, can be terminated if the relationship is not working for either party. There is yet another form for that available. If you are balky at signing a contract, but want to be sure you are protected, just make it to cover a short time period. As with any document, read it through before signing. Each company has it's own form. There must be certain provisions in all of them to "hold up in court", but they can vary somewhat.
One very important concept that people fail to understand is that buying a home directly through a builder or listing agent rarely decreases the price of a home. When I first started buying investment property, I thought that myself. I now know that in practice that is not how it works. It would take another long winded message to explain this, but PM me if you want to know why.
that a written buyer's agreement is necessary for fiduciary responsibility to a potential buyer. (See Working With (http://www.ncrec.state.nc.us/publications-bulletins/WorkingWith.html - broken link))
While I would personally recommend a written agreement so that there are no misunderstandings, "Buyers' Agency" is the only agreement in North Carolina real estate that does not have to be in writing, at least until an offer iswritten up.
It IS required that agents give a written form of the "Working with Real Estate Agents" (material at the link), explain it and have it signed. There is a place on it for the client to check that they do NOT want to be represented by a buyer's agent and will be shown property with the agent remaining as a sub agent of the seller. It is NOT a contract, it only serves to prove that an agent has explained agency relationships to someone with whom they have "substantial contact".
Also, the buyer's agency, even if written, can be terminated if the relationship is not working for either party. There is yet another form for that available. If you are balky at signing a contract, but want to be sure you are protected, just make it to cover a short time period. As with any document, read it through before signing. Each company has it's own form. There must be certain provisions in all of them to "hold up in court", but they can vary somewhat.
One very important concept that people fail to understand is that buying a home directly through a builder or listing agent rarely decreases the price of a home. When I first started buying investment property, I thought that myself. I now know that in practice that is not how it works. It would take another long winded message to explain this, but PM me if you want to know why.
to add to this.....when you sign the brochure, as a buyer you are being represented in a (keyword) non-exclusive relationship...in other words, you are not bound.
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