What To Expect From A Seller's Agent

 
Assume that any real estate agent is a seller's agent until you know otherwise. In most states, a real estate agent is required to disclose which party he or she represents at the first substantial contact with a home buyer whether it's in person, by telephone, by mail, or in an email.
  • A seller's agent can help you find and purchase a property and may provide some of the same services as a buyer's agent, such as setting up your pest and home inspections and monitoring your progress from contract to closing.

     

  • A seller's agent must disclose material facts about a property.

  • Material facts include things such as a leaky foundation or roof and other known structural problems.

     

  • A seller's agent cannot disclose personal information about the sellers or the seller's property, such as an impending divorce, foreclosure, or job change.

     

  • A seller's agent has a duty to get the best possible deal for the seller, so always assume that any information you give a seller's agent will be passed on to the seller. Never disclose your "top dollar" or any other confidential information to a seller's agent.

     

  • Working with a seller's agent may be a good choice if you do not wish to be tied to one agent.

     

  • Seller's agents are compensated at closing from the seller's commission.

     

    When You Contact an Agent

     

    1. Ask if the agent represents the seller.

    2. Ask the agent to explain exactly what that means in relation to the tasks he can help you with.

    3. Ask if the agent can work as a buyer's agent or dual agent, then ask the agent to explain how services for those relationships differ.

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