Businesses must treat customers fairly if they expect to do business with them again or get recommendations to their friends. Customers of stores like Nordstrom’s understand that a salesperson is an employee and represents the company.
The line becomes less clear in some industries, especially ones that involve real estate. Agency is a legal relationship authorizing a person to act for or in the place of another. It involves responsibilities that exceed treating a person fairly.
The duties a buyer or seller can expect to receive from a real estate salesperson or broker include but are not limited to honesty, accountability, full disclosure, representation and reasonable skill and care. Buyers and sellers might additionally expect representation, obedience, loyalty and confidentiality. State laws can differ on specific duties.
Mortgage and title officers are limited in their duties to the buyer to honesty and accountability and specific requirements under the federal Real Estate Settlement and Procedures Act.
A special relationship with a real estate agent makes it advantageous to have them coordinate efforts with the other professionals in the home buying process. Since most buyers’ and sellers’ transactions are infrequent, the agent can bring valuable experience to the transaction.
Every buyer and seller should discuss the level of service they expect from the real estate professional they work with. Another good question is what happens if the purchase and sale are within the same company.
Author:Ana Festa Phone: 860-578-2623 Dated: June 12th 2017 Views: 30 About Ana: “My mission is to develop long-term client relationships by providing the most professional, infor...
View our latest blog posts in your RSS reader. Click here to access.
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
Median List PriceMedian Price Per Square Foot Gales Ferry i
"I would like to thank Kris Morin and her mother Rosemary Hunt Economou
for their superior assistance in selling my condo. They were both highly knowledgeable, professional, friendly, and attentive to my needs. They went the "extra mile" to help me in every way possible. To my amazement, my condo sold just a few days after I listed it with them. I am extremely happy that I chose both of them as my realtors. It was truly a marvelous experience! I would strongly recommend them to any one needing to sell or buy a home. Kris and Rosemary, from the bottom of my heart, many, many thanks, again! "