Sentences with phrase «as either buyer or seller agent»
If you, as either buyer or seller agent are not there, you are not able to help in the negotiating phase, if it becomes necessary, as you have no defense to either say the estimate is justified, or could be overly stated.
http://massrealestatenews.com/ Not exact matches
Agents need to be mindful that if they have knowledge of a defect, patent (obvious) or latent (hidden), this information needs to be «disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «knows,» whatever he knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if known by his agent, or by the seller, «must» be disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning mAgents need to be mindful that if they have knowledge of a defect, patent (obvious) or latent (hidden), this information needs to be «disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «knows,» whatever he knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if known by his agent, or by the seller, «must» be disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning magents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning market.
Prohibited acts.A credit services organization, a salesperson, agent, or representative of a credit services organization, or an independent contractor who sells or attempts to sell the services of a credit services organization shall not: (1) Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services, other than those described in subdivision (2) of this section, which the credit services organization has agreed to perform for the buyer unless the credit services organization has obtained a surety bond or established and maintained a surety account as provided in section 45 - 805; (2) Charge a buyer or receive from a buyer money or other valuable consideration for obtaining or attempting to obtain an extension of credit that the credit services organization has agreed to obtain for the buyer before the extension of credit is obtained; (3) Charge a buyer or receive from a buyer money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer if the credit that is or will be extended to the buyer is substantially the same as that available to the general public; (4) Make or use a false or misleading representation in the offer or sale of the services of a credit services organization, including (a) guaranteeing to erase bad credit or words to that effect unless the representation clearly discloses that this can be done only if the credit history is inaccurate or obsolete and (b) guaranteeing an extension of credit regardless of the person's previous credit problem or credit history unless the representation clearly discloses the eligibility requirements for obtaining an extension of credit; (5) Engage, directly or indirectly, in a fraudulent or deceptive act, practice, or course of business in connection with the offer or sale of the services of a credit services organization; (6) Make or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit; or (7) Advertise or cause to be advertised, in any manner whatsoever, the services of a credit services organization without filing a registration statement with the Secretary of State under section 45 - 806 unless otherwise provided by the Credit Services Organization Act.
The cast includes the home seller, the seller's real estate agent as well as your own, buyer and seller attorneys, a representative from a title company (more on that below), and, occasionally, a representative from the bank or lender where you got your loan.
An investment dealer operates as an agent when it acts on behalf of a buyer or a seller of a security and does not itself own title to the securities at any time during the transactions.
(1) A credit services organization, its salespersons, agents, and representatives, and independent contractors who sell or attempt to sell the services of a credit services organization may not do any of the following: (a) conduct any business regulated by this chapter without first: (i) securing a certificate of registration from the division; and (ii) unless exempted under Section 13 -21-4, posting a bond, letter of credit, or certificate of deposit with the division in the amount of $ 100,000; (b) make a false statement, or fail to state a material fact, in connection with an application for registration with the division; (c) charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for the buyer; (d) dispute or challenge, or assist a person in disputing or challenging an entry in a credit report prepared by a consumer reporting agency without a factual basis for believing and obtaining a written statement for each entry from the person stating that that person believes that the entry contains a material error or omission, outdated information, inaccurate information, or unverifiable information; (e) charge or receive any money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer, if the credit that is or will be extended to the buyer is upon substantially the same terms as those available to the general public; (f) make, or counsel or advise any buyer to make, any statement that is untrue or misleading and that is known, or that by the exercise of reasonable care should be known, to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing, or credit capacity; (g) make or use any untrue or misleading representations in the offer or sale of the services of a credit services organization or engage, directly or indirectly, in any act, practice, or course of business that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a credit services organization; and (h) transact any business as a credit services organization, as defined in Section 13 -21-2, without first having registered with the division by paying an annual fee set pursuant to Section 63J -1-504 and filing proof that it has obtained a bond or letter of credit as required by Subsection (2).
In many cases, however, a real estate agent can be a buyer's agent or a seller's agent — just as an attorney can represent a plaintiff or defendant in a lawsuit.
As expected, the advisory group recommended: bigger penalties, a ban on «double ending» (when one realtor or brokerage represents both the buyer and the seller), and making it mandatory for agents to report all assignment sale contracts directly to RECBC.
If the buyer or seller know the agent is being unethical or breaking laws, then they can be considered just as responsible as the agent.»
How will they avoid acting as an agent as defined by the law for a seller, buyer or both?
Buyers and sellers who don't speak English or who speak it as a second language are sometimes worried they'll be swindled in a real estate deal if they're not working with an agent who speaks their native language, he says.
A buyer agency agreement entitles you to compensation from the buyer, either directly or indirectly such as when authority is given the agent to seek compensation from the seller.
The authors say the book is aimed at real estate agents «who must fully understand their obligations whether they represent buyers, sellers or both; as well as for real estate board officials, insurance representatives and real estate lawyers.
In the 1990s states began adopting legislation that established the designated and disclosed dual agency models and outlined the duties of practitioners based on the role they were assuming, such as seller's agent, buyer's agent, dual agent, or transaction facilitator.
Such control reduces the risk of conflicting information or poor - quality content on agent sites and also increases the likelihood that potential property buyers and sellers will view a particular brokerage as a market force.
As a real estate agent, never say anything bad about the buyer or seller.
Could a discounted selling broker, co-op or buyer agent's commission (let's refer to it as «co-op commission») hurt the enthusiasm of the buyer's agent and impact the seller's bottom line in a negative fashion?
If the buyer of the real property receives a certificate from the seller that the seller is not a foreign person, and is therefore exempt from withholding, and you as the agent for either the seller or the buyer have knowledge that the certificate is false, you must notify the buyer of this fact.
In the hurly burly of buying or marketing a home, the swirl of activity spins around the real estate agent who efficiently organizes the steps, outlines the service needs and acts as a buffer for the shills that come out of the woodwork ready to take advantage of the home owner seller or buyer.
«When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS ® pledge themselves to protect and promote the interests of their clients.
- «claimed savings with a disclaimer» breach of REBBA - «buyers agents are great allies to sellers» - seems like lawyers would love to find those reps and I think this is yet another breach of REBBA as a misreprentation - «commenting on housing markets» - whoops you just crossed a big line with RECO - «commenting on fellow traditional agents» - you can not paint brush or tarnish or defame fellow registrants.
I feel like people are not going to take me seriously, or when I show up to see their property, or even introduce myself as a real estate agent to buyers sellers and their agent, they are going to laugh at me and tell me to get out.
A clause can add any that the seller and agent deems should be disclosed based on buyer's questions to the seller interaction or those the seller wants to make sure the buyer didn't miss such as — the seller states and the buyer acknowledges that the apartment building abutting the laneway behind the property and two properties to the north is Ontario housing and via email such as: please be advised that further to the warranty for the appliances to be in working condition on closing as per the accepted APS, the dishwasher ceased functioning on XX date.
The SPIS is a catch 22, If you don't fill one out your neglagent and now if you do get one filled out your liable, The items on an SPIS are items agents need to discuss and disclose in every real estate deal, so without the form as a guideline we will always have areas that get overlooked or at least areas that we will be accused of not doing enough research, an SPIS on it's own is not enough if the Seller is hidding something, but the oppourtunity to do a home inspection was included and revealed a problem, getting rid of the SPIS will not change the Seller hidding problems and then making their agent the escape goat, as always good agents will need to «protect thy @ss» RECO did nothing to acknowledge the condition for the home inspection should have been enough to allow the Buyers to verify the SPIS, this story has facts not being told otherwise the agent would not have pleaded guilty to these claims.
The purchase contract stated that his agent would disburse his deposit by applying it to the purchase price when the transaction closed, returning it to the buyer if the seller failed to perform, or paying the seller if the buyer failed to perform as stipulated in the purchase contract.
Article 1 provides that «When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS ® pledge themselves to protect and promote the interests of their client.
Designated agents (also called appointed agents) are chosen by a managing broker to act as an exclusive agent of the seller or buyer.
My comment on that new system as noted, although it sounds useful, might lack the personalized touch of a specific agent who developed the initial business rapport, leaving the seller or buyer perhaps feeling they are being serviced by an automaton.
Agents need to be mindful that if they have knowledge of a defect, patent (obvious) or latent (hidden), this information needs to be «disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «knows,» whatever he knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if known by his agent, or by the seller, «must» be disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning mAgents need to be mindful that if they have knowledge of a defect, patent (obvious) or latent (hidden), this information needs to be «disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «knows,» whatever he knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if known by his agent, or by the seller, «must» be disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning magents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning market.
A. Earnest money deposit check -LSB--RSB- or promissory note -LSB--RSB-, which will remain as a binder until closing, and be held for Seller by closing agent (chosen by Buyer) for Seller until closing, unless sooner forfeited or returned, according to the provisions of this Agreement.
If the Buyers agent is different from the Sellers agent the Buyers agent can take the Sellers Agent to Arbitration where he is in a «court of peers» or he can go to small claims with the case mentioned above as well as the other cases mentioned to get a favorable decision.
Remember if you are the listing agent or a subagent to the seller, your principal fiduciary duty is to the sellers, even if you are also working with the buyers as customers.
There is also nothing to stop anybody from continuing as a buyer's agent or a seller's agent.
He says that in his opinion, the consent agreement led to «a rift between CREA and the real estate boards; undue hardships on real estate sales associates, a change in commission structures that reduced or eliminated what I perceive as essential services to clients; the appearance of «mere listing» options where the buyer's agents now have to take an extra step and negotiate their own commissions with a seller prior to presenting the offer; and last but not least, the «opening» of the MLS information, which Realtors pay for, making it fully available to the public.»
Although an agent is apparently not required to offer advice, be present at offer presentations or help the seller negotiate [additional services???] then the whole apparatus will flip over to buyer (agency) contracts as well in reality — just sign buyers up to a contract, add them to a list someplace, but do nothing else for them?
If a buyer broker has a contract with his buyer, that spells out how he will be paid — and seeks no compensation through the transaction from the seller, regardless of the co-op amount offered — does the listing agent keep the whole six percent, or five or whatever the full amount is / the total pts noted on the listing, INCLUDING what amount as offered in co-op?
To act as dual agents, both licensees and the brokerage must now become impartial, neither advocating the interests of the seller or the buyer, nor providing any advice to either party that would be in conflict to the interests of the other party.
«It gives me as the agent an opportunity to help the buyer or seller — they have a third party they can call to get something fixed when they need it.»
Do you suppose there is any way to correct the damage done, in this regard, by agents who are either interviewed by media TV, for example, or appear as local experts on popular TV shows, invited to educate the public on the best of best the public needs to know, only to repetitively declare: «everybody knows the seller pays the commission; that it costs the buyer nothing.»
As a seller or buyer's agent, «WE» are also expected to take reasonable steps to determine material latent defects when we inspect the property.
Not knowing any of the buyers, sellers or agents, would «The Real Estate Advocate» be able to fill that need, as the unrelated outsider?
Answer: As a dual agent you can not recommend the price the buyer should offer, or the price the seller should accept.»
Has CREA has ever surveyed public opinion as to if a buyer or seller would lean into doing business with agents offering multiple lines of service?
However, neither the seller nor the buyer as «principals» (masters) of the Realtor ‑ servant (the «agent») exert any control or supervision over the daily activities of the Realtor, although they become vicariously liable for the agent's misconduct (fraud) and neglects committed in the course of the principal's business.
«When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS ® pledge themselves to protect and promote the interests of their client.
A buyer who relies on the seller's agent or on dual agency does not receive the same degree of legal protection as that afforded by an agent acting solely on behalf of the buyer.»
The quoted comments of Carolyne's firstly seem to disavow the fundamental cooperative nature of the MLS, in that: why would a Seller expect it should be more likely that the listing agent (sales rep) would have the right Buyer or any Buyer, as opposed to a Cooperating Brokerage?
In other words, licensees acting for a buyer or as a limited dual agent will be receiving remuneration from the seller and not from their buyer client.
Industry member # 3 could act as the designated agent of the buyer without being an impartial transaction facilitator as long as there is no sharing of the confidential information of either the buyer or the seller among industry member # 3 (who represents the buyer), industry member # 1 (who owns the property), and / or industry member # 2 (who represents the seller).
For example, a brokerage, or in the case of designated agency a designated agent who is representing a buyer in a transaction where the brokerage had previously represented the seller when they purchased the property in question, can not disclose to the current buyer any confidential or personal information about the seller received as a result of providing services to the seller (in the previous relationship).