Does your neighbor or co worker try to tell you never
to get your own Realtor?
Well. Read.THIS. !
Buyer’s Broker: A broker other than the Seller’s broker can agree with the Buyer to act as the broker for the Buyer.
In these situations, the Buyer’s broker is not representing the Seller, even if the Buyer’s broker is receiving compensation for services rendered, either in full or in part, from the Seller or through the Seller’s broker:
A Buyer’s broker has the fiduciary duties of loyalty, obedience, disclosure, confidentiality, and accounting in dealings with the Buyer.
A Seller’s Broker: A broker under a listing agreement with the Seller acts as the broker for the Seller only:
A Seller’s broker has the fiduciary duties of loyalty, obedience, disclosure, confidentiality, and accounting in dealings with the Seller.
A Broker Representing both Seller and Buyer (Limited Representation) (Dual Agency)
A broker, either acting directly or through one or more licensees within the same brokerage firm, can legally represent both the Seller and the Buyer in a transaction, but only with the knowledge and informed consent of both the Seller and the Buyer. I
In these situations, the Broker, acting through its licensee(s), represents both the Buyer and the Seller, with limitations of the duties owed to the Buyer and the Seller:
The broker will not, ( And CAN NOT) without written authorization, disclose to the other party that the Seller will accept a price or terms other than stated in the listing or that the Buyer will accept a price or terms other than offered. There will be conflicts in the duties of loyalty, obedience, disclosure and confidentiality. Disclosure of confidential information may
be made only with written authorization.
Regardless of who the Broker represents in the transaction, the Broker shall exercise reasonable skill and care in the performance of the Broker’s duties and shall be truthful and honest to both the Buyer and Seller and shall disclose all known facts which materially and adversely affect the consideration to be paid by any party.
Sooooo DO NOT let anyone tell you that is is better to work with only the Listing Agent, and not have Buyer Representation of your OWN. You Will NOT get a better deal.
AND did you know that YOU do NOT pay for Buyer Representation? The Buyer's Representative receives a commission for the Seller.
If you ever feel YOUR representative is not being forthright with you. Don't hesitate to Call the Arizona Department of Real Estate for information.
reference to the READE Real Estate AGency disclosure and Election From the Arizona Association of Realtors
Author:Julie Bridge Phone: 602-339-7187 Dated: June 19th 2016 Views: 343 About Julie: ...
Excellence, Professionalism, Integrity & Candor are the pillars of our values. We are a full service brokerage to service the community and our agents. We provide our agents all of the systems and services they need to give excellent P.Q.S., Personal Quality Service, to each and every client. Our agents are in business for their clients and their best interests. We are in business for our agents and their best interests. We have developed a full service system that allows agents access to every bit of the latest technologies, management systems, marketing pieces & tools, streamline listing services, and agent concierge all backed by an enormous amount of EPIC training that is relevant and current to today's market. We bring this full circle by adding a dedicated management team focused on nothing but the improvement of our agents and their business. We truly want to make a difference in our agents lives as well as their clients. We give each person an EPIC Experience!
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"Mark is an excellent Real estate agent. His vast knowledge and experience of both living and working in the Phoenix area allow him to provide his customers with plenty of options. Mark is very personable and genuine which allows him to establish a great bases with his clients. I was a first time home buyer and Mark was there every step of the way to explain anything and everything that I did not know or understand. Not only was he able to make things easy for me with my busy work schedule, but he offered valuable insight towards my decisions. Mark's personal skills, along with his professionalism, contribute to his excellent negotiating skills. I was very thankful I used Mark as my realtor and now I'm happy to call him my friend."