Sometimes we like surprises, like a
surprise party or a surprise gift. When it comes to buying
or selling your home, however, surprises are the last thing you
want.
Realtors believe it’s important
for you to understand for whom they are working, and what services
you can expect from them. That way there are no unpleasant
surprises later in the transaction. A Realtor may be working
for you – if you have a clearly established “agency relationship”
with that Realtor. But often, you may assume such an obligation
exists when it does not.
The next time you are buying or selling
a home, you will be asked to sign some form of agency agreement.
As an agent, the Realtor is legally obligated to look after
the best interests of the person he or she is working for.
The agent must be loyal to that person.
You will be asked to sign a listing
agreement if you are a seller. You will be asked to sign a
buyer agency agreement if you are a buyer and the Realtor is representing
your interests. And, whether you are a buyer or a seller,
you will be asked to sign documentation confirming that you understand
whom the Realtor is working for.
Buying or selling a home is an exciting,
but complicated process. A Realtor’s expertise will ensure
your real estate transaction runs smoothly. Knowing that a
Realtor is in your corner, acting as your advocate and representing
your best interests will give you greater peace of mind.
