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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.
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either the buyer or seller of a property
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What is a principal real estate agent?
A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for commission. Most agents work for a real estate broker or realtor.
What effect does the Real Estate Code of Conduct have on your own operations as an Estate Agent?
The effect of the Real Estate Code of Conduct on your own operations as a Real Estate Agent.
What are the duties of a real estate agent?
When an agent is hired to represent his/her client an agency relationship is formed whereby the agent owes the client fiduciary duties, that include, loyalty, obedience and confidentiality.
What is a Real State Agent?
Real estate agent - A person who is authorized and experienced in the buying and selling of real estate property. Real estate agent is provide all details about real estate property value, demands, all guidline and rules of all type of proeprty.
What are the duties of a commercial real estate agent?
The duties of a commercial real estate agent are similar to those of a residential real estate agent. For example, listing the property and showing the property to potential buyers.
What is a principal real estate agent?
A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for commission. Most agents work for a real estate broker or realtor.
What other field can a real estate agent pursue?
Real estate agent can be real estate broker he can open his office that should be registered.
Who pays real estate broker in Florida?
The seller. Often the real estate commission is paid by the seller as part of the listing agreement. However, real estate commissions are negotiable and depending on the services provided by the agent representing you, there may be other fees in addition or in lieu of a real estate commission. It is strongly recommended that you discuss the issue of fees and commissions at the time you contact a real estate agent to represent you.
What effect does the Real Estate Code of Conduct have on your own operations as an Estate Agent?
The effect of the Real Estate Code of Conduct on your own operations as a Real Estate Agent.
What is the yearly salary for a real estate agent?
The avreage salary of a real estate agent is about 62,595 dollars
What makes a real estate broker different from a real estate agent?
Real estate broker & Real estate agent are same both of them will do the same job.Answer:Real Estate Brokers required to have more experience and education, than agents. And also a real estate agent may be a person who works under a registered broker.
What are the duties of a real estate agent?
When an agent is hired to represent his/her client an agency relationship is formed whereby the agent owes the client fiduciary duties, that include, loyalty, obedience and confidentiality.
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.
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
Greatest Real Estate Agent in the World?
Team Eric has a list of that could include the Greatest Real Estate Agent In The World - http://www.ericonsearch.com/greatest-real-estate-agent-in-the-world-your-name-here
What does grandfathering mean in real estate?
When your real estate agent will sleep with your grandfather
Who usually pays a real esate agent a commission?
In US residential real estate the Seller pays the real estate agent's commisssion.
