This video is very funny, and the
general public feels this is the case, but is it really?
I have no idea what other real
estate agent's do, I guess I
know somewhat because
I've been in the industry
since 1982, but I'm here to tell
you what I do when providing a
service for you, I'm distinctly
different, always have been, I'm an Untraditional Broker.
Complete form and I'll be upfront
with everything, from when a
person schools to get their
license, their journey, creation
of brokerages and more, plus
answer all the questions
in the funny video.
There is only one reason
we are licensed, and that is
to protect the public, how is
that done, I'll explain in detail.
Did you know commissions are negotiable, there is no set fee.
The public needs to understand, everything is negotiable and the fee does not determine the out come or performance of an agent. It all comes down to this, we are licensed to protect
the public even if it ends up being free.
There is more to it than
putting a sign in the ground.
In the comment section below,
ask any question about the
industry and I'll answer it,
anything from highly negative
to just want to know what's
going on behind the curtain
or even, how to get
your license
SELLER'S AGENT
A real estate agent who lists a seller's property for sale acts as the agent for a seller only, and has fiduciary duties of loyalty, full disclosure, confidentiality and reasonable care to that seller. In practical terms, the Seller hires the Seller's Agent to locate a buyer and negotiate a transaction with terms favorable to the Seller. Although the Seller's Agent has these fiduciary duties to the Seller, the Seller's Agent is, by law, responsible to all prospective buyers to treat them with honesty, fair dealing, and with good faith.
BUYER'S AGENT
A real estate agent that acts as an agent for a buyer only ("Buyer's Agent") has fiduciary duties of loyalty, full disclosure, confidentiality and reasonable care to that buyer. In practical terms, a buyer hires a Buyer's Agent to locate a suitable property and negotiate a transaction with terms favorable to a buyer. Although the Buyer's Agent has these fiduciary duties to a buyer, the Buyer's Agent is, by law, responsible to all prospective sellers to treat them with honesty, fair dealing, and with good faith.
LIMITED AGENT
A real estate agent can, with the prior written consent of a buyer and seller, represent both the buyer and seller in the same transaction ("Limited Agent"). A Limited Agent has fiduciary duties to both a buyer and a seller, but the Limited Agent is also "limited" by a separate duty of neutrality in the negotiations between a buyer and seller.
ACKNOWLEDGMENT & WAIVER
Unrepresented Buyer Disclosure, the Buyer understands and agrees with the agency relationships confirmed herein. The Buyer voluntarily waives any cause of action against the Seller's Agent and the Company that claims that the Seller's Agent and the Company are representing the Buyer or the Buyer's interests. Furthermore, the Buyer holds the Seller's Agent and the Company harmless from all liability arising out of any claim of an agency relationship between the Buyer and Seller's Agent/Company.