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A buyer agent has the job of acting as an agent for someone who wants to buy something. Often this might be a property but sometimes it is a business that the buyer wishes to acquire.
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∙ 10y ago
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Does the seller of a home have to notify the buyer if offer was denied?
Only if the owner is acting as the agent, otherwise the agent can notify the buyer.
How much do you have to pay a buyer agent when you buy a house in US and do you really need one?
The SELLER usually pays all the commissions. The buyer's agent usually gets a split of the realestate contracted commission. If the deal calls for a 4% commission, the listing agents gets 2% and the buyer's agent 2%. If you are sellinga home, you would usually pay the buyer's agent some agreed upon amount.
How does one become a real estate agent buyer?
You can become a real estate agent buyer by studying real estate policies in college or law in college. In addition, you can try applying for a real estate agency.
Who is the principal for whom a real estate broker works?
A real estate broker has only one fiduciary duty and that is to his or her client, also known as the principal. Real estate agents act as the broker's representatives -- always. In every part of a real estate transaction, he or she is the broker's agent. Therefore, despite the fact that the agent may have procured the client, he or she did so as the broker's representative. Therefore, the only principal for whom a broker works is the client -- the home buyer or seller.
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 is a job of the buyer?
A buyer agent has the job of acting as an agent for someone who wants to buy something. Often this might be a property but sometimes it is a business that the buyer wishes to acquire.
How is a buyer's agent compensated?
This may vary by state, but in most markets the buyer's agent's commission is paid by the Seller. In some markets a buyer's agent may charge a retainer fee to a buyer client for their services.
Does the seller of a home have to notify the buyer if offer was denied?
Only if the owner is acting as the agent, otherwise the agent can notify the buyer.
What is the referral fee for a realtor?
A fee paid to agent to refer a buyer or seller. For example, an agent may have a buyer moving to another state, that agent sets up a referral agreement with another agent in the town the buyer is moving to. If the buyer buys a home through that agent then the referring agent gets a percentage of the commission usually 1/4 of the commission paid to the selling agent. George www.landincorporated.com Thats George at http://www.landincorporated.com
Difference between a purchasing agent and a buyer?
no
What is thbuyerscom?
thbuyers.com is the Twin Cities premier Exclusive Buyer Agent Real Estate Agency. *MN Exclusive Buyer Agent - The Home Buyers
How much do you have to pay a buyer agent when you buy a house in US and do you really need one?
The SELLER usually pays all the commissions. The buyer's agent usually gets a split of the realestate contracted commission. If the deal calls for a 4% commission, the listing agents gets 2% and the buyer's agent 2%. If you are sellinga home, you would usually pay the buyer's agent some agreed upon amount.
How do real estate agents charge their fees?
Typically a percentage of the sale that funds when escrow closed. 3% is normal, though generally the buyer's agent and the seller's agent split the commission 50/50. If the buyer has no agent, a partial refund is sometimes given to the buyer. sometime fixed amount may also be charged from buyer or seller insted of percentage.
What is the difference between a purchasing agent and a buyer in a wholesale environment?
A purchasing agent doesn't work for the company. A buyer works as an employee for the company. Buyers and agents can work together.
What is a consumer agent?
A consumer agent is a person, place or thing that helps a buyer make educated decisions in purchasing.
How does one become a real estate agent buyer?
You can become a real estate agent buyer by studying real estate policies in college or law in college. In addition, you can try applying for a real estate agency.
Who is the principal for whom a real estate broker works?
A real estate broker has only one fiduciary duty and that is to his or her client, also known as the principal. Real estate agents act as the broker's representatives -- always. In every part of a real estate transaction, he or she is the broker's agent. Therefore, despite the fact that the agent may have procured the client, he or she did so as the broker's representative. Therefore, the only principal for whom a broker works is the client -- the home buyer or seller.
