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Your Agency Relationship

  • If you are the buyer or the seller of a property you can choose to have the advice, assistance and representation of your own agent. Don't assume that a broker is acting on your behalf unless you have contracted with that broker to represent you. If you are a seller you may authorize your listing agent to cooperate with agents from other firms to help sell your property. These cooperating agents may be sub agent who represent the seller or the buyer. A seller may obtain broader exposure for a property by authorizing a listing broker to compensate a cooperating agent who successfully procures a buyer. If you are a buyer you have the option of working with a Seller's agent or Buyer's agent. The decision will depend upon the types of services you desire and the method of compensating the agent. A broker who is representing a buyer and shows that buyer a property listed with the broker's office is said to be a "dual agent." Dual agency is permissible provided that both buyer and seller gave given informed consent. The duties of a real estate licensee do not relieve the consumer of the responsibility to protect his/her own interest. If advice is desired regarding legal, tax, insurance or other matters, a professional in those areas should be consulted. Regulations of the Board of Registration of Real Estate Brokers and Sales persons require that written notice of the agency relationship of a real estate agent be provided to buyers and sellers at the first personal meeting to discuss a specific property and that the broker asks the buyer and seller to acknowledge receipt of the notice.

So be careful and choose the right agent to represent you

Call Kris Gonet-Hall, Realtor/Broker 413-204-6099

or e-mail at Kris@KrisSells.com

RELOCATION SERVICES AVAILABLE

Posted Thursday Dec 18