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Dealing With Dual Real Estate AgentsJakob Jelling Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. This in no way means that agents may operate outside the bounds of the law and ethical conduct of course. It just means that the real estate agent is just that, an authorized agent of the seller for a particular transaction. More recent trends have introduced buyers agents, who usually work on a fee basis exclusively for the buyer, and dual agents. Dual agents represent both seller and buyer, particularly in cases where the agents company is the listing company. Dual agency is legal in most U.S. states; however, most consumer advocacy organizations recommend against using a dual agent. This is because there is an inherit conflict of interest for the agent - they receive a commission based on the selling price of the property. The higher the price, the higher their commission, so their reasoning is that dual agents never really have the buyers best interests at heart. If youve decided to work with a dual agent, this will need to be disclosed to both the buyer and seller, and they both have to agree, in writing. Dual agents are bound by law and ethics to treat both buyers and sellers honestly, equally, and fairly. Dual agents can be prevented from divulging confidential information about each party to the other. This could severely harm negotiating positions. The bottom line in dealing with a dual agent is to remember that the buyer and seller have conflicting interests in the price and other terms of the sale. Its very difficult for an agent to truly and equally represent both parties, since the conflicting interests make that inherently impossible. If you do choose to use a dual agent, be sure the exact nature of your relationship with the dual agent is clear, know what services the agent will be performing for you during the transaction, how the agent will be paid, and how any conflicts that arise will be handled.
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To be honest, there’s no real way to wash your hands of it, unless you have a huge budget for purchasing text links or to hire someone to do your linking for you. So here are 13 ways to increase your linking luck. They require a little bit of effort, but executed properly, these steps will only bring your site success. Random Whimsy: Uncensored Interview with Dan Lok Norman Williams, publisher of "Big Money Publishing Newsletter," recently did a Q&A about me. Avoiding A Bad Investment Is Easier Than You Might Think The good news is that the danger of getting stuck with a lemon of a house is one of the most easily avoided dangers in the whole universe of personal finance.Prospective homebuyers are protected in many ways, and they can further strengthen their defenses by taking a few simple, commonsensical precautionary steps. Look Past the Bottom Line for a Propertys Potential It’s unfortunate that many real estate investors tend to look at the bottom line when deliberating about a property, rather than the big picture.The real moneymakers in real estate investments are the people with vision, who think creatively, and are willing to assume some level of risk. Dont Overpay for a House, Even in Todays Market If theres one thing American investors love, its an over-inflated market.Which is why they keep buying houses and new ones keep coming onto the market.According to the latest data, housing starts rose an annualized 3.4% in September, matching a 17-year high.Whoo-ha!Go, baby go. Camera Cell Phones -- More uses than you could have imagined I was shopping in the large superstore with my five-year-old daughter, perfectly unaware that in the next few minutes I would be living through every parent’s nightmare – in an instant my child would disappear from my side. She had been looking through the little dresses right beside me and, when I called her to go try one on, she was no where to be found. I loudly called out her name, trying to keep the panic from my voice, as I frantically looked all around. Product Review of Carelton Sheets No Money Down Course Real estate continues to be a very important part of any financial wealth building strategy.Most wealthy individuals have real estate investments as a portion of their overall net worth.Carleton Sheets has been in real estate since the 1970s and has taken his experience to build a complete real estate course. You Have To Love The Location, Say These Owners Of Orlando Florida Villas It has been said that in real estate there are three things that count the most: location, location and location.I recently discovered how powerful this concept can be. Cost of Living Analyses If youve ever moved from the Midwest or the South to either coast, you realize just how different the costs of day-to-day living can vary among various U.S. cities. Many transplanted families pursue cross-country moves with the knowledge that their new hometowns will be more expensive. And many employers recognize that impending cost-of-living increase with a "cost-of-living allowance" -- a slight raise in salary so that an employee may maintain his or her current standard of living without having to tighten the purse strings upon arrival. |
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