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I Advice - Home Buyers, Does Your Agent Work For You?
Writing performance reviews can be an excellent way to earn a living. Who wouldn’t want to go from place to place watching actors, singers, and chefs perform at their best (and maybe their worst)? Getting paid to do something like this just seems like fun, doesn’t it? But, in reality, these jobs are not easy to come by nor are they easy to do. A writer will need to have many qualifications and have to write very well in order to establish themselves as worthy candidates of this type of work. Writing reviews is a little more complicated than just telling what you thoug
The use of an agent becomes further complicated when the subject of seeing properties offered "by owner" is brought up. Unless the agent that is showing you properties is a b
My wife was disappointed when she returned from the side yard. Her face hung low and I knew she was pretty down. You see, I know the look. It is the same look that salespeople have when they miss a sales opportunity or lose a sale.My wife, returned from the side yard with her empty bowl. She was expecting to collect some juicy, vine ripened, black berries. Unfortunately, her blackberries were either all dried out or they weren’t ripe. She had missed the critical harvest time to achieve the bounty she expected.I have experienced the same loss in sales. I
The agent you meet who shows you that property will be anxious to show you other properties, of course. You begin to feel that this agent is "your agent." NOT TRUE. This agent works for the agency that listed the property, and most likely is working for the seller of the property, not you. Anything you say may be carried back to the seller at any time.
Agents may call themselves many things according to state regulations. In Massachusetts, for example, the "listing agent" is the agent who obtained the listing from the seller. The "selling agent" is the agent who actually makes the sale. In order to better understand this concept, bear in mind that a real estate agency makes the most money when one of their listed properties is sold by an agent "in house."
Most properties are not shown or sold by the listing agent. Although the homesellers may have spent considerable time with the listing agent discussing the fine points of their home so that they will be knowledgeable when showing it, the property will most likely be shown by agents who are totally unfamiliar with their home. Remember, whether talking about a listing agent or a selling agent, unless you have signed a contract with a buyer's agent, their allegiance is always to the seller.
As if this isn't complicated enough. using Massachusetts regulations as an example, a broker can work for both the buyer and the seller on the same property provided the broker gets the consent of both parties and provides each with a written notice of the relationship. In this case, the broker is considered a "disclosed dual agent." This broker owes both the seller and buyer a duty to deal with them fairly and honestly.
In this type of agency relationship, the broker does not represent either the seller or the buyer exclusively, and neither party can expect the broker’s undivided loyalty. Realistically, it's hard to imagine that properties are not discussed over lunch or between agents sitting at the next desk. Undisclosed dual agency by a broker is illegal. The agent must present the buyer with an agency disclosure form upon first meeting to discuss a particular property.
The use of an agent becomes further complicated when the subject of seeing properties offered "by owner" is brought up. Unless the agent that is showing you properties is a bu
It's that time of year again for many of you isn't it. You know, the Yellow Pages ad reps are knocking at your door. Read this article and may actually be able to get real benefit from your Yellow Pages ad.Yellow Page advertising is a unique animal. On one hand, placing an ad in the local Yellow Pages makes complete sense. Unlike someone thumbing through a magazine, most people who pick-up the Yellow Pages are looking to buy.On the other hand, when they turn to your section, they are immediately greeted with the ads of most of your competitors right there alo
Agents may call themselves many things according to state regulations. In Massachusetts, for example, the "listing agent" is the agent who obtained the listing from the seller. The "selling agent" is the agent who actually makes the sale. In order to better understand this concept, bear in mind that a real estate agency makes the most money when one of their listed properties is sold by an agent "in house."
Most properties are not shown or sold by the listing agent. Although the homesellers may have spent considerable time with the listing agent discussing the fine points of their home so that they will be knowledgeable when showing it, the property will most likely be shown by agents who are totally unfamiliar with their home. Remember, whether talking about a listing agent or a selling agent, unless you have signed a contract with a buyer's agent, their allegiance is always to the seller.
As if this isn't complicated enough. using Massachusetts regulations as an example, a broker can work for both the buyer and the seller on the same property provided the broker gets the consent of both parties and provides each with a written notice of the relationship. In this case, the broker is considered a "disclosed dual agent." This broker owes both the seller and buyer a duty to deal with them fairly and honestly.
In this type of agency relationship, the broker does not represent either the seller or the buyer exclusively, and neither party can expect the broker’s undivided loyalty. Realistically, it's hard to imagine that properties are not discussed over lunch or between agents sitting at the next desk. Undisclosed dual agency by a broker is illegal. The agent must present the buyer with an agency disclosure form upon first meeting to discuss a particular property.
The use of an agent becomes further complicated when the subject of seeing properties offered "by owner" is brought up. Unless the agent that is showing you properties is a b
Usually when a prospect makes an excuse, it is because they have not been convinced that whatever you are selling to them, has sufficient benefit for them to change their mind. In order to combat this you should have included them in the solution from the very beginning. You should have been asking questions around what their current situation is, what problems they are facing, the impacts that the problem is causing, what they would like to achieve and so on. By asking quality questions up-front you will save yourself the excuses down stream! But what if you are no
Most properties are not shown or sold by the listing agent. Although the homesellers may have spent considerable time with the listing agent discussing the fine points of their home so that they will be knowledgeable when showing it, the property will most likely be shown by agents who are totally unfamiliar with their home. Remember, whether talking about a listing agent or a selling agent, unless you have signed a contract with a buyer's agent, their allegiance is always to the seller.
As if this isn't complicated enough. using Massachusetts regulations as an example, a broker can work for both the buyer and the seller on the same property provided the broker gets the consent of both parties and provides each with a written notice of the relationship. In this case, the broker is considered a "disclosed dual agent." This broker owes both the seller and buyer a duty to deal with them fairly and honestly.
In this type of agency relationship, the broker does not represent either the seller or the buyer exclusively, and neither party can expect the broker’s undivided loyalty. Realistically, it's hard to imagine that properties are not discussed over lunch or between agents sitting at the next desk. Undisclosed dual agency by a broker is illegal. The agent must present the buyer with an agency disclosure form upon first meeting to discuss a particular property.
The use of an agent becomes further complicated when the subject of seeing properties offered "by owner" is brought up. Unless the agent that is showing you properties is a b
When looking for a telecommuting position, it is very important to have your resume in tip-top shape. This is often the only thing that a potential employer has to base a hiring decision on since they most likely will not be interviewing you in person, your resume has to make that great first impression for you.When your resume comes across the fax line or is opened in an email, it needs to be presented as professionally as possible. Besides the obvious typos and misuse of words, your resume needs to be highly organized and make a great impression as quickl
As if this isn't complicated enough. using Massachusetts regulations as an example, a broker can work for both the buyer and the seller on the same property provided the broker gets the consent of both parties and provides each with a written notice of the relationship. In this case, the broker is considered a "disclosed dual agent." This broker owes both the seller and buyer a duty to deal with them fairly and honestly.
In this type of agency relationship, the broker does not represent either the seller or the buyer exclusively, and neither party can expect the broker’s undivided loyalty. Realistically, it's hard to imagine that properties are not discussed over lunch or between agents sitting at the next desk. Undisclosed dual agency by a broker is illegal. The agent must present the buyer with an agency disclosure form upon first meeting to discuss a particular property.
The use of an agent becomes further complicated when the subject of seeing properties offered "by owner" is brought up. Unless the agent that is showing you properties is a b
You’ve got your business idea, got the time to start the new business and your entrepreneur spirit is fired up but you need money and are off to the bank or a friendly angel investor with your business plan. Wait before you do, make sure that you have included this information.Business Models and Strategies: Ensure that your business is well structured and follows a recognized business model. Ensure that your business strategy for the next 3-5 years are well defined. This gives a potential investor confidence in your business ability and structure.
The use of an agent becomes further complicated when the subject of seeing properties offered "by owner" is brought up. Unless the agent that is showing you properties is a buyer's agent, the only way he/she can get paid is to get the private seller to list the property, something that is not likely to happen. You don't need an agent to see a for sale by owner property and some sellers prefer not to negotiate with anyone but the buyer directly. If you do feel that you need representation, the one agent that has loyalty to you, the buyer, is a buyer's agent.
A buyer's agent (ie. buyer broker) represents you, the buyer, and never the seller. Some buyer brokers are known as "exclusive buyer brokers/agents". Exclusive buyer brokers do not list property - period, nor are they housed in an agency that does. The buyer broker's commission, typically 3%, is generally accommodated in the selling price of the property, paid at closing. The National Association of Exclusive Buyers Agents (NAEBA - www.naeba.org) is a good resource to locate buyer's agents in your area. Buyers, remember that a buyer broker is able to show you listed properties, foreclosures, new construction, and for sale by owner properties.
A word of caution....make sure you tell the agent that you want to see ALL available properties without regard to who pays the commission. We have often heard of overly aggressive buyer's agents who will not inform their buyers about a property unless the seller agrees up front to pay their commission. This behavior is unwarranted as the buyer has already agreed to pay any commission due.
NOTE: If you are currently working with a buyer broker and you are looking at a for sale by owner property, please let the seller know up front. Don't wait until the negotiations are underway to bring in representation. It could easily kill the deal. Most sellers are very open to showing their property to you and your buyer broker - just don't assume they'll pay your agent's fees.
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