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Can a real estate agent give out your personal information to a third party?
Wiki User
∙ 12y ago
Absolutely not, without your written instructions to do so.
Wiki User
∙ 12y ago
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Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
What are the characteristics of a good real estate agent?
He or she will present you with homes that you like or can sell your home. Usually if they are going to sell you home, they will plan an open house and should present you with a variety of staging ideas prior to the open house party.
Who excutes a Texas real estate contract?
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
How does commision work?
commission is a percentage of a amount given to a party. It happens mostly in real estate. This is how it works Lets say you want to sell your house for $500,000, and the agent finds a buyer. Then they set a commission percentage[ lets say 10% ]. 10/100*500000=50000 now the seller has to pay both price of house and commission meaning buyer gives $550,000
Do buyers or sellers pay commissions to real estate brokers?
Depending upon the state in which the transaction takes place, either party may pay a brokerage fee. Disclosure and agreement of the arrangement is also necessary between all the parties. Most often, the seller pays the actual real estate commission.
Can a executor rent out estate to other party for gain?
An executor cannot rent out an estate to an other party for his or her own personal gain, however, it could be done on the authority of the estate owner, or directives left in a will.
What is a "listing agreement"?
A contract in which a party hires a licensed real estate agent to assist them in the sale of property.
What is a Real Estate Agent work description?
A real estate agent is a party who acts as a middle man between the buyers and the sellers. They are the one who assist sellers in finding a buyer who can give the highest possible price of their property.
Is a real estate agent a party to the transaction?
Usually a real estate agent is not a party to the transaction, unless that agent is either the seller or buyer or has an interest in either side. The fact that he may be representing either the buyer or seller or even both does not make him or her an interested party in the agreement. Most states real estate laws clearly state that should an agent have an interest in either side of the tranaction then both parties must be notified for that interest. Thats why you often see and agent sellling his own home, even as a for sale by owner, the advertising and signs should mention that the home is agent owned. Its all about ethics more than the law. From www.zerotorealestatehero,com
Is giving out third party personal info illegal?
Yes, depending on what the personal information is. It is also immoral and unethical.
What is Duty of notification?
Duty of notification is the duty of an agent to confirm the principal of information the agent got to know from a third party or other source that is important to the principal.
Can a real estate agent buy the property they have listed?
Yes, if certain conditions are fulfilled. IT is NOT an optimal situation for either party. In most US states the agent must have a signed disclosure that the seller is aware that the buyer (in this case the listing agent) is a licensed real estate agent and is not representing the seller's interests in the case of an agent purchasing on his own behalf. Most ethical agents regard this as a gray area, because the agents will have so much more information than a non-agent seller. Many agents will not do this type of transaction. If the seller closes and then concludes he did not get a fair price; chances are the seller will complain to the real estate commission. This will result in inquiries and a time consuming process. The best practices solution would be to cancel the listing agreement and have the seller get another agent to represent his interests.
Who gets to deduct interest on taxes when entering a real estate contract?
I'm not sure entering is the right term...ut interest on taxes would ONLY be deductible by the party that paid it AND only if that party was buying the real estate as a business investment/capital asset, not for personal use.
What is the recovery fund for in real estate?
To provide a source of payment for a party injured by the actions of a licensee or Broker in that state. Even if the agent is now inactive or no longer licensed but was at the time they caused the damage to the party, the account still could be tapped into.
Can you protest the appointment of an executor of an estate with no will?
An administrator or personal representative is appointed when there is no will.Yes, you can object is you are an interested party to the estate but you must be prepared to explain your objection to the court. The court will hear the objection and make a ruling. Unless you have a very good reason the appointment will be allowed.An administrator or personal representative is appointed when there is no will.Yes, you can object is you are an interested party to the estate but you must be prepared to explain your objection to the court. The court will hear the objection and make a ruling. Unless you have a very good reason the appointment will be allowed.An administrator or personal representative is appointed when there is no will.Yes, you can object is you are an interested party to the estate but you must be prepared to explain your objection to the court. The court will hear the objection and make a ruling. Unless you have a very good reason the appointment will be allowed.An administrator or personal representative is appointed when there is no will.Yes, you can object is you are an interested party to the estate but you must be prepared to explain your objection to the court. The court will hear the objection and make a ruling. Unless you have a very good reason the appointment will be allowed.
Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
How is the personal representative decided on when there is no will and no estate?
Often the court will grant it to the person that applies for it. They may require all of the beneficiaries agree to the individual, or they may appoint a neutral party.
