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Questions you may have If you have a question Call 1-866-809-7059 Toll Free or E-Mail me and I will answer you as soon as possible Question: Who pays the buyers agent.? Answer: When a listing firm takes a listing, the commission is added to the seller’s equity in the house, and included in the asking price. The broker that lists the house normally receives half the commission when the home sells. The broker that represents the buyer receives the other half So the buyers agents fee is paid for by the sellers listing broker. Only in certain situations would the buyer pay the agent them selves. The buyers agent will always strive to get paid by the sellers Agent. Question: Can the listing agent represent both the seller and the buyer. Answer: Yes ,this is called a dual agent. In this capacity he would only be a mediator and not able ,by law, offer any negotiation strategy to either the buyer or seller. In other words YOU ARE ON YOUR OWN WITH A DUAL AGENT.
Question: What are the Responsibilities of a Buyers Agent? Fiduciary Duties To the Buyer CONFIDENTIALITY:
Prohibits
the agent from disclosing confidential information obtained from you such as:
the price you are willing to pay, the amount of mortgage you are actually
qualified for, how much cash you have to work with or, the level of your
motivation to buy a particular home. ACCOUNTABILITY:
Requires the agent to
properly handle all money received, including escrow deposits. REASONABLE
SKILL & CARE: Requires
the agent to protect you from foreseeable risks, and to recommend that you
obtain expert advice when your needs are outside the agent’s expertise. LOYALTY,
UNDIVIDED: Prohibits
the agent from advancing any interests that are adverse to your own, including
the agent’s own interests. OBEDIENCE
TO LAWFUL INSTRUCTIONS: Requires
the agent to act subject to your control, and for the agent to obtain and follow
all lawful instructions from you. FULL DISCLOSURE: Requires the agent to disclose all information concerning your home purchase, which might effect, your best interests. Things such as the seller’s motivation for selling, price comparables for similar homes in the area, deferred maintenance or defects in the home, listing history of the home, and any potential problems that might affect the value of the home.
Question: What about Mortgages, Loans, Closing Cost , how much will my payments be? All these questions can be answered by your loan officer or go to this Link
If you have any other questions , I'm sure you do, Call me it's Free 1-866-809-7059 |