As a first time home buyer or seller, you have the option of selecting a real estate agent to provide support and promote your interests. Merely meeting with an agent does not suggest that person represents you. There is commonly an agreement outlining the agency, responsibilities of the the agent, and your duties. Below are details on why you should hire Reading MA real estate agents.
Real Estate Agents Responsibilities
Federal law requires that real estate agents fulfill certain duties to their clients once they enter into an agency relationship.
Agents are responsible for keeping all information about their client confidential. They must not reveal information about your business, financial or personal affairs, or motivations unless authorized by you or ordered by a court of law to do so. This duty remains active at all times even after the relationship ends.
Real estate agents have a reasonable knowledge when it comes to real estate matters and on the real estate process, but they are not experts in all real estate related fields (such as home repairs). For guidance on matters outside of their knowledge, they must guide clients to the other resources.
Agents must accept and follow lawful instructions from clients. For example, there are cases where clients ask their real estate agents to submit a low offer that the agent disagrees with. Agents must comply with those requests despite the differing opinions.
Monitoring of Funds
Agents must accurately monitor the transfer of any money pertaining to a home sale or purchase. This applies to earnest monies submitted and the return of such funds where necessary.
Real Estate Agents must keep the best interests of their clients ahead of all other parties, including themselves. Earnings, particularly in multiple offer situations, must not be a factoran influece and would be disloyal. Confidentiality is also an aspect of loyalty.
Agents must complete tasks and comply with requests in a timely manner. This can be even more important when multiple offers are present. It is also important once a contract is in place with certain deadlines.
All real estate agents must disclose all material facts about a listing,…often called material facts. The duty to disclose also applies to any information that might impact decisions about a listing or improve negotiating power.
Why You Should Hire Reading MA Real Estate Agents
Hiring a real estate agent has many advantages. In addition to what is listed above, agents have an even more important role of influencing communication between buyers and sellers. The home buying and selling process can be very stressful and emotional. Having the guidance of a person who has your best interests but is emotionally detached can maintain civility and lead to better results. This sums up why you should hire Reading MA real estate agents.
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Scott Strang at or Dave Mullins at our North Reading Office at 978-664-2828 or firstname.lastname@example.org for additional guidance.