As a first time home buyer or seller, you have the benefit of selecting a real estate agent to provide guidance and protect your interests. Simply getting the help of an agent does not automatically mean that person is your buyer or seller agent. There is typically an agreement formalizing the relationship, responsibilities of the the agent, and your responsibilities. Below are important details on why you should hire Newbury MA real estate agents. All references to “agent” refer to buyer or seller agents.
Real Estate Agents Duties
Federal real estate law specifies that agents carry out specific duties to their clients after they formalize an agency relationship.
Real estate agents are responsible for keeping all information on their client confidential. They may not disclose information about your business, financial or personal affairs, or motivations unless asked by you or mandated by a court of law to do so. This duty remains active at all times beyond any closings or contracts.
Real estate agents have a reasonable amount of knowledge of real estate related matters and on the home buying and selling process, but they are not experts in all real estate related fields (such as legal issues). For information outside of the knowledge base of an agent, they must direct clients to the proper experts.
Agents must respect their clients instructions, as long as the actions do not require that they break any laws. For example, sometimes clients may ask their agents to prepare an offer that the agent does not agree with. Agents must complete those requests despite the difference of opinion.
Real Estate Agents must accurately follow the whereabouts of all deposits pertaining to a home sale or purchase. This includes any deposits given and the return of said deposits.
Agents must retain the best interests of their clients above all other parties, including themselves. Earnings, particularly in competing offer situations, should not be a consideration and would be disloyal to clients. Confidentiality is also a facet of loyalty.
Agents must perform tasks and comply with requests in a timely manner. This can be imperative in multiple offer situations, so having an agent on your side will best protect your interests.
All agents must disclose all known facts about a home,…often referred to as material facts. The responsibility to disclose also covers any facts or information that may influence feelings about a home or affect their negotiating power.
Why You Should Hire Newbury MA Real Estate Agents
Hiring a real estate agent has many advantages. Beyond the items above, agents have an even more important role of facilitating interactions between parties. The real estate process can be very stressful and emotional. Having the advice of a person who has your best interests but is not emotionally involved can facilitate the process and lead to better results. This summarizes why you should hire Newbury MA real estate agents. Contact John Wells at 978-518-1481 or firstname.lastname@example.org for more guidance.