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A seller agent in a real estate transaction is responsible for representing the interests of the seller. This includes marketing the property, negotiating offers, and guiding the seller through the selling process. The agent must act in the best interests of the seller and provide them with accurate information and advice.
What else can I help you with?
What duties does a buyer agent have to the seller when representing them in a real estate transaction?
A buyer agent has a duty to act in the best interests of the seller, provide honest and accurate information, disclose any conflicts of interest, and negotiate on behalf of the seller to get the best possible deal in a real estate transaction.
Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?
In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.
What duties does a buyer agent have to the seller in a real estate transaction?
A buyer agent has a duty to act in the best interests of the buyer, not the seller, in a real estate transaction. They must provide honest and fair representation to the buyer, disclose any relevant information, and negotiate on behalf of the buyer to secure the best deal possible.
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.
Can you have a arm length transaction with the seller and seller agent being relative?
Hell no
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 fees does the seller pay on condo sale?
There is no standard, plus all fees are negotiable. The real estate agent involved in your transaction can explain fees to you.
As a real estate agent, can you sell yourself a house?
Yes, as a real estate agent, you can sell yourself a house by representing both the buyer and seller in the transaction, as long as it is done ethically and transparently with full disclosure to all parties involved.
What type of real estate transaction occurs when the buyer or seller requests to be not officially represented?
If the seller, for example, does not have a listing agent; he is representing himself by default. If the buyer does not engage the services of a real estate agent, by default, he is representing himself. The seller would be a FSBO, or For Sale by Owner. The Buyer would be self-represented. The downside for either party not having representation is that a real estate transaction is usually the most expensive purchase people make in their lifetime. There are many things that can go wrong and errors can be very expensive.
What is a house seller called?
real estate agent
In a for sale by owner transaction, who pays the buyer's agent commission?
In a for sale by owner transaction, the seller typically pays the buyer's agent commission.
Who pays the buyer agent fees in a for sale by owner transaction?
In a for sale by owner transaction, the seller typically pays the buyer agent fees.
