Real Estate Agency Beurys Lake

The Real Estate Agent industry in Beurys Lake is a type of real estate that has undergone a massive revolution in the recent years. Globalization and industrialization can be considered as two of the significant parallel factors behind the occurrence of the same. There are ample factors that have been responsible for affecting the condition and nature of the landed-property domain and have made it comparably complicated than before. On that note, it is becoming difficult for people to choose where and how to invest their money. Well, Real Estate Agent wants to invest in a property to get a higher ROI, and this article is going to talk about the tips and bits of the upcoming scenario of the landed-property industry and the tactics of investment in the same.

Real Estate Investment Group

It is necessary for investors to understand that the business of real-estate might look transparent from a regular perspective with a robe of simplicity on. However, certain crucial aspects need to be investigated before investment in any property. The idea applies for all types of investment in the Real Estate Agency niche, fact that includes commercial, industrial and residential. There are no specific predictions that can be concluded to. However, certain benchmarks and estimations can be considered to reach to a more or less precise forecast. Investments do not always promise luck, but as a purchaser, you definitely have the liberty to choose the best place to make a residential investment. On that note, the industry of real estate in Mexico has been running at the peak satisfying most investors at the present time.

Sell My Home Fast

As mentioned before, the landed-property industry has ample complications attached to it if you are not planning your approach in a comparably wise way. The foremost concern that will likely present you with a satisfactory return or a punctual arrival of rent is to invest in the right place. Investors often make the mistake of not being aware of the occurring evolutions in the landed-property industry around and rushing into a decision of making an investment in a property that might not be worthy which eventually leads to a fruitless exercise. As already mentioned before, the domain of real estate in Mexico is one of the finest examples of appropriate residential investments in the present time and is also considered to maintain a similar record in the upcoming years.

Real Estate Investment Group

Some of the core to extensive changes in the paradigms of the landed-property industry, in a nutshell, involves an increase in the mortgage rates, a possible future effect on the passing of tax laws, increasing of landed-property properties in specific locations. So, in this saturating market scenario, it is wise for investors to be hyper-aware and take each step with a certain level of precaution and estimation. One of the finest approaches to make a smart purchase would be to perform extensive research on the current market to settle for the choice. The process might be conventional, but there is nothing like self-analysis at the end of the day.

Buy My Home

What is a Real Estate Agent Release Agreement in Beurys Lake?

For Sale

>> >> MANY >> MANY ARE >> MANY ARE WONDERING >> MANY ARE WONDERING WHAT >> MANY ARE WONDERING WHAT IT >> MANY ARE WONDERING WHAT ITWILL >> MANY ARE WONDERING WHAT ITWILL MEAN >> MANY ARE WONDERING WHAT ITWILL MEAN FOR >> MANY ARE WONDERING WHAT ITWILL MEAN FOR THE >> MANY ARE WONDERING WHAT ITWILL MEAN FOR THE HOUSING WILL MEAN FOR THE HOUSING WILL MEAN FOR THE HOUSINGMARKET.

MARKET.

MARKET.

MICHAEL MARKET.

MICHAEL CROWE MARKET.

MICHAEL CROWE HAS MARKET.

MICHAEL CROWE HAS THE MARKET.

MICHAEL CROWE HAS THE STORY.

MICHAEL CROWE HAS THE STORY.

MICHAEL CROWE HAS THE STORY.

>> MICHAEL CROWE HAS THE STORY.

>> Reporter: MICHAEL CROWE HAS THE STORY.

>> Reporter: THE MICHAEL CROWE HAS THE STORY.

>> Reporter: THE BUSTLING MICHAEL CROWE HAS THE STORY.

>> Reporter: THE BUSTLING PACE >> Reporter: THE BUSTLING PACE >> Reporter: THE BUSTLING PACEAROUND >> Reporter: THE BUSTLING PACEAROUND AMAZON'S >> Reporter: THE BUSTLING PACEAROUND AMAZON'S SOUTH >> Reporter: THE BUSTLING PACEAROUND AMAZON'S SOUTH LAKE AROUND AMAZON'S SOUTH LAKE AROUND AMAZON'S SOUTH LAKEUNION AROUND AMAZON'S SOUTH LAKEUNION CAMPUS AROUND AMAZON'S SOUTH LAKEUNION CAMPUS HAS AROUND AMAZON'S SOUTH LAKEUNION CAMPUS HAS LONG AROUND AMAZON'S SOUTH LAKEUNION CAMPUS HAS LONG BEEN UNION CAMPUS HAS LONG BEEN UNION CAMPUS HAS LONG BEENCITED UNION CAMPUS HAS LONG BEENCITED AS UNION CAMPUS HAS LONG BEENCITED AS PART UNION CAMPUS HAS LONG BEENCITED AS PART OF UNION CAMPUS HAS LONG BEENCITED AS PART OF THE UNION CAMPUS HAS LONG BEENCITED AS PART OF THE REASON CITED AS PART OF THE REASON CITED AS PART OF THE REASONFOR CITED AS PART OF THE REASONFOR SEATTLE'S CITED AS PART OF THE REASONFOR SEATTLE'S SUPER CITED AS PART OF THE REASONFOR SEATTLE'S SUPER CHARGED FOR SEATTLE'S SUPER CHARGED FOR SEATTLE'S SUPER CHARGEDHOUSING FOR SEATTLE'S SUPER CHARGEDHOUSING MARKET.

HOUSING MARKET.

HOUSING MARKET.

>> HOUSING MARKET.

>> THIS HOUSING MARKET.

>> THIS GROWTH HOUSING MARKET.

>> THIS GROWTH HAS HOUSING MARKET.

>> THIS GROWTH HAS REALLY HOUSING MARKET.

>> THIS GROWTH HAS REALLY BEEN >> THIS GROWTH HAS REALLY BEEN >> THIS GROWTH HAS REALLY BEENA >> THIS GROWTH HAS REALLY BEENA PRODUCT >> THIS GROWTH HAS REALLY BEENA PRODUCT OF >> THIS GROWTH HAS REALLY BEENA PRODUCT OF A >> THIS GROWTH HAS REALLY BEENA PRODUCT OF A LOT >> THIS GROWTH HAS REALLY BEENA PRODUCT OF A LOT OF >> THIS GROWTH HAS REALLY BEENA PRODUCT OF A LOT OF HIGH A PRODUCT OF A LOT OF HIGH A PRODUCT OF A LOT OF HIGHPAYING A PRODUCT OF A LOT OF HIGHPAYING JOBS A PRODUCT OF A LOT OF HIGHPAYING JOBS AND A PRODUCT OF A LOT OF HIGHPAYING JOBS AND HOUSING A PRODUCT OF A LOT OF HIGHPAYING JOBS AND HOUSING NOT PAYING JOBS AND HOUSING NOT PAYING JOBS AND HOUSING NOTKEEPING PAYING JOBS AND HOUSING NOTKEEPING PACE.

KEEPING PACE.

KEEPING PACE.

>> KEEPING PACE.

>> Reporter: KEEPING PACE.

>> Reporter: THAT KEEPING PACE.

>> Reporter: THAT TREND KEEPING PACE.

>> Reporter: THAT TREND WAS >> Reporter: THAT TREND WAS >> Reporter: THAT TREND WASALREADY >> Reporter: THAT TREND WASALREADY COOLING >> Reporter: THAT TREND WASALREADY COOLING THIS >> Reporter: THAT TREND WASALREADY COOLING THIS YEAR ALREADY COOLING THIS YEAR ALREADY COOLING THIS YEARACCORDING ALREADY COOLING THIS YEARACCORDING TO ALREADY COOLING THIS YEARACCORDING TO ZILLOW'S ALREADY COOLING THIS YEARACCORDING TO ZILLOW'S ALEX ACCORDING TO ZILLOW'S ALEX ACCORDING TO ZILLOW'S ALEXCASEY.

CASEY.

CASEY.

>> CASEY.

>> WE CASEY.

>> WE ARE CASEY.

>> WE ARE SEEING CASEY.

>> WE ARE SEEING A CASEY.

>> WE ARE SEEING A BIT CASEY.

>> WE ARE SEEING A BIT OF CASEY.

>> WE ARE SEEING A BIT OF A >> WE ARE SEEING A BIT OF A >> WE ARE SEEING A BIT OF ATRANSITION >> WE ARE SEEING A BIT OF ATRANSITION WITH >> WE ARE SEEING A BIT OF ATRANSITION WITH THE >> WE ARE SEEING A BIT OF ATRANSITION WITH THE SEATTLE TRANSITION WITH THE SEATTLE TRANSITION WITH THE SEATTLEHOUSING TRANSITION WITH THE SEATTLEHOUSING MARKET TRANSITION WITH THE SEATTLEHOUSING MARKET WITH TRANSITION WITH THE SEATTLEHOUSING MARKET WITH THE TRANSITION WITH THE SEATTLEHOUSING MARKET WITH THE WAY TRANSITION WITH THE SEATTLEHOUSING MARKET WITH THE WAY WE HOUSING MARKET WITH THE WAY WE HOUSING MARKET WITH THE WAY WEHAVE HOUSING MARKET WITH THE WAY WEHAVE SEEN HOUSING MARKET WITH THE WAY WEHAVE SEEN SUCH HOUSING MARKET WITH THE WAY WEHAVE SEEN SUCH ROBUST HOUSING MARKET WITH THE WAY WEHAVE SEEN SUCH ROBUST GROWTH.

HAVE SEEN SUCH ROBUST GROWTH.

HAVE SEEN SUCH ROBUST GROWTH.

AND HAVE SEEN SUCH ROBUST GROWTH.

AND THAT'S HAVE SEEN SUCH ROBUST GROWTH.

AND THAT'S STARTING HAVE SEEN SUCH ROBUST GROWTH.

AND THAT'S STARTING TO HAVE SEEN SUCH ROBUST GROWTH.

AND THAT'S STARTING TO LEVEL AND THAT'S STARTING TO LEVEL AND THAT'S STARTING TO LEVELOFF.

OFF.

OFF.

IT OFF.

IT CERTAINLY OFF.

IT CERTAINLY IS OFF.

IT CERTAINLY IS COOLING.

IT CERTAINLY IS COOLING.

IT CERTAINLY IS COOLING.

NOT IT CERTAINLY IS COOLING.

NOT CRATERING.

NOT CRATERING.

NOT CRATERING.

>> NOT CRATERING.

>> Reporter: NOT CRATERING.

>> Reporter: TO NOT CRATERING.

>> Reporter: TO THE NOT CRATERING.

>> Reporter: TO THE POINT >> Reporter: TO THE POINT >> Reporter: TO THE POINTWHERE >> Reporter: TO THE POINTWHERE RENT >> Reporter: TO THE POINTWHERE RENT HAS >> Reporter: TO THE POINTWHERE RENT HAS DROPPED >> Reporter: TO THE POINTWHERE RENT HAS DROPPED IN >> Reporter: TO THE POINTWHERE RENT HAS DROPPED IN SOME WHERE RENT HAS DROPPED IN SOME WHERE RENT HAS DROPPED IN SOMENEIGHBORHOODS.

NEIGHBORHOODS.

NEIGHBORHOODS.

AND NEIGHBORHOODS.

AND WITH NEIGHBORHOODS.

AND WITH AMAZON'S AND WITH AMAZON'S AND WITH AMAZON'SANNOUNCEMENT.

ANNOUNCEMENT.

ANNOUNCEMENT.

IT ANNOUNCEMENT.

IT WILL ANNOUNCEMENT.

IT WILL BE ANNOUNCEMENT.

IT WILL BE EXPANDING ANNOUNCEMENT.

IT WILL BE EXPANDING INTO ANNOUNCEMENT.

IT WILL BE EXPANDING INTO NEW IT WILL BE EXPANDING INTO NEW IT WILL BE EXPANDING INTO NEWYORK IT WILL BE EXPANDING INTO NEWYORK AND IT WILL BE EXPANDING INTO NEWYORK AND NORTHERN IT WILL BE EXPANDING INTO NEWYORK AND NORTHERN VIRGINIA, IT WILL BE EXPANDING INTO NEWYORK AND NORTHERN VIRGINIA, IT YORK AND NORTHERN VIRGINIA, IT YORK AND NORTHERN VIRGINIA, ITHAS YORK AND NORTHERN VIRGINIA, ITHAS LED YORK AND NORTHERN VIRGINIA, ITHAS LED TO YORK AND NORTHERN VIRGINIA, ITHAS LED TO UNCERTAINTY YORK AND NORTHERN VIRGINIA, ITHAS LED TO UNCERTAINTY ABOUT HAS LED TO UNCERTAINTY ABOUT HAS LED TO UNCERTAINTY ABOUTTHE HAS LED TO UNCERTAINTY ABOUTTHE FUTURE HAS LED TO UNCERTAINTY ABOUTTHE FUTURE COSTS HAS LED TO UNCERTAINTY ABOUTTHE FUTURE COSTS OF HAS LED TO UNCERTAINTY ABOUTTHE FUTURE COSTS OF FINDING HAS LED TO UNCERTAINTY ABOUTTHE FUTURE COSTS OF FINDING A THE FUTURE COSTS OF FINDING A THE FUTURE COSTS OF FINDING AHOME THE FUTURE COSTS OF FINDING AHOME HERE THE FUTURE COSTS OF FINDING AHOME HERE IN THE FUTURE COSTS OF FINDING AHOME HERE IN AMAZON'S THE FUTURE COSTS OF FINDING AHOME HERE IN AMAZON'S FIRST HOME HERE IN AMAZON'S FIRST HOME HERE IN AMAZON'S FIRSTHOME.

HOME.

HOME.

>> HOME.

>> BY HOME.

>> BY THEM HOME.

>> BY THEM SELECTING HOME.

>> BY THEM SELECTING NEW HOME.

>> BY THEM SELECTING NEW YORK >> BY THEM SELECTING NEW YORK >> BY THEM SELECTING NEW YORKAND >> BY THEM SELECTING NEW YORKAND WASHINGTON, >> BY THEM SELECTING NEW YORKAND WASHINGTON, I >> BY THEM SELECTING NEW YORKAND WASHINGTON, I DON'T >> BY THEM SELECTING NEW YORKAND WASHINGTON, I DON'T SEE AND WASHINGTON, I DON'T SEE AND WASHINGTON, I DON'T SEETHAT AND WASHINGTON, I DON'T SEETHAT HAPPENING.

THAT HAPPENING.

THAT HAPPENING.

THAT THAT HAPPENING.

THAT COULD THAT HAPPENING.

THAT COULD MUTE THAT HAPPENING.

THAT COULD MUTE THE THAT HAPPENING.

THAT COULD MUTE THE OTHER THAT COULD MUTE THE OTHER THAT COULD MUTE THE OTHEREFFECTS THAT COULD MUTE THE OTHEREFFECTS OF THAT COULD MUTE THE OTHEREFFECTS OF HQ2.

EFFECTS OF HQ2.

EFFECTS OF HQ2.

DON'T EFFECTS OF HQ2.

DON'T EXPECT EFFECTS OF HQ2.

DON'T EXPECT AN EFFECTS OF HQ2.

DON'T EXPECT AN EXODUS EFFECTS OF HQ2.

DON'T EXPECT AN EXODUS OF EFFECTS OF HQ2.

DON'T EXPECT AN EXODUS OF HIGH DON'T EXPECT AN EXODUS OF HIGH DON'T EXPECT AN EXODUS OF HIGHPAYING DON'T EXPECT AN EXODUS OF HIGHPAYING JOBS DON'T EXPECT AN EXODUS OF HIGHPAYING JOBS OUT DON'T EXPECT AN EXODUS OF HIGHPAYING JOBS OUT OF DON'T EXPECT AN EXODUS OF HIGHPAYING JOBS OUT OF SEATTLE DON'T EXPECT AN EXODUS OF HIGHPAYING JOBS OUT OF SEATTLE AND PAYING JOBS OUT OF SEATTLE AND PAYING JOBS OUT OF SEATTLE ANDTHERE PAYING JOBS OUT OF SEATTLE ANDTHERE IS PAYING JOBS OUT OF SEATTLE ANDTHERE IS AN PAYING JOBS OUT OF SEATTLE ANDTHERE IS AN INDICATION PAYING JOBS OUT OF SEATTLE ANDTHERE IS AN INDICATION THEY THERE IS AN INDICATION THEY THERE IS AN INDICATION THEYWILL THERE IS AN INDICATION THEYWILL CONTINUE THERE IS AN INDICATION THEYWILL CONTINUE TO THERE IS AN INDICATION THEYWILL CONTINUE TO ARRIVE THERE IS AN INDICATION THEYWILL CONTINUE TO ARRIVE IN WILL CONTINUE TO ARRIVE IN WILL CONTINUE TO ARRIVE INTHIS WILL CONTINUE TO ARRIVE INTHIS REGION.

THIS REGION.

THIS REGION.

>> THIS REGION.

>> Reporter: THIS REGION.

>> Reporter: CASEY THIS REGION.

>> Reporter: CASEY BELIEVES >> Reporter: CASEY BELIEVES >> Reporter: CASEY BELIEVESSEATTLE >> Reporter: CASEY BELIEVESSEATTLE IS >> Reporter: CASEY BELIEVESSEATTLE IS NOT >> Reporter: CASEY BELIEVESSEATTLE IS NOT JUST >> Reporter: CASEY BELIEVESSEATTLE IS NOT JUST A >> Reporter: CASEY BELIEVESSEATTLE IS NOT JUST A ONE SEATTLE IS NOT JUST A ONE SEATTLE IS NOT JUST A ONECOMPANY SEATTLE IS NOT JUST A ONECOMPANY TOWN SEATTLE IS NOT JUST A ONECOMPANY TOWN IN SEATTLE IS NOT JUST A ONECOMPANY TOWN IN A SEATTLE IS NOT JUST A ONECOMPANY TOWN IN A MINUTE SEATTLE IS NOT JUST A ONECOMPANY TOWN IN A MINUTE SO COMPANY TOWN IN A MINUTE SO COMPANY TOWN IN A MINUTE SODON'T COMPANY TOWN IN A MINUTE SODON'T EXPECT COMPANY TOWN IN A MINUTE SODON'T EXPECT PLUMMETING COMPANY TOWN IN A MINUTE SODON'T EXPECT PLUMMETING HOME DON'T EXPECT PLUMMETING HOME DON'T EXPECT PLUMMETING HOMEPRICES.

PRICES.

PRICES.

>> PRICES.

>> THEY PRICES.

>> THEY SHOULD PRICES.

>> THEY SHOULD BE PRICES.

>> THEY SHOULD BE A >> THEY SHOULD BE A >> THEY SHOULD BE ADESTINATION >> THEY SHOULD BE ADESTINATION FOR >> THEY SHOULD BE ADESTINATION FOR HIGH >> THEY SHOULD BE ADESTINATION FOR HIGH PAYING DESTINATION FOR HIGH PAYING DESTINATION FOR HIGH PAYINGJOBS DESTINATION FOR HIGH PAYINGJOBS FOR DESTINATION FOR HIGH PAYINGJOBS FOR A DESTINATION FOR HIGH PAYINGJOBS FOR A WHILE DESTINATION FOR HIGH PAYINGJOBS FOR A WHILE KEEPING DESTINATION FOR HIGH PAYINGJOBS FOR A WHILE KEEPING THE JOBS FOR A WHILE KEEPING THE JOBS FOR A WHILE KEEPING THEHOUSING JOBS FOR A WHILE KEEPING THEHOUSING MARKET JOBS FOR A WHILE KEEPING THEHOUSING MARKET ROCK JOBS FOR A WHILE KEEPING THEHOUSING MARKET ROCK SOLID.

HOUSING MARKET ROCK SOLID.

HOUSING MARKET ROCK SOLID.

>> HOUSING MARKET ROCK SOLID.

>> Reporter: HOUSING MARKET ROCK SOLID.

>> Reporter: IF HOUSING MARKET ROCK SOLID.

>> Reporter: IF NOT HOUSING MARKET ROCK SOLID.

>> Reporter: IF NOT AMAZON, >> Reporter: IF NOT AMAZON, >> Reporter: IF NOT AMAZON,THERE >> Reporter: IF NOT AMAZON,THERE WILL >> Reporter: IF NOT AMAZON,THERE WILL BE >> Reporter: IF NOT AMAZON,THERE WILL BE PLENTY >> Reporter: IF NOT AMAZON,THERE WILL BE PLENTY OF THERE WILL BE PLENTY OF THERE WILL BE PLENTY OFINTEREST THERE WILL BE PLENTY OFINTEREST IN THERE WILL BE PLENTY OFINTEREST IN THE.

Real Estate Business in Chennai

A very critical concept in California Real Estate Law is the disclosure of agencies. In 1987 legislation was passed to protect home owners in regards to the agency status of their real estate professionals.

Agency is simply the relationship between the principle (the seller or buyer) and the real estate professional. In agency, the professional has a fiduciary duty to look out for the best interests of his/her principle. The fiduciary duty is defined as the 'duty of utmost care, integrity, honesty, and loyalty in dealings.'

There is a form that is used called the Agency Disclosure form (or AD for short.) This is the very first form that is used in every real estate transaction. It has 1 purpose: it discloses (makes openly known) the 3 types of agency that could happen in a real estate transaction.

1. Agent represents the seller only.

In this agency the agent for the seller represents only the seller. He has a fiduciary obligation to get the seller the best price possible for his home. He also has the fiduciary duty to make sure the seller understands all the forms he must sign. The agent serves to protect and promote the seller. In a fiduciary relationship the agent has an obligation to put the needs of the seller first above his/her own needs. He does not have a fiduciary duty to the buyer but does own the buyer the duty of fair and honest dealings.

2. Agent represents the buyer only.

This is the exact same as above except the agent represents the buyer only and has the fiduciary duty to get the home for the buyer at the best price while protecting and promoting his/her best interests. He only owes the seller the duty of fair and honest dealings.

3. Dual agency: agent represents both the seller and buyer

If a dual agency is formed it must be disclosed and agreed to by all parties of the transaction. A dual agency can never be done in secret. This dual status must be known because an agent will know confidential information about his principles. The disclosure forms states that an agent in a dual agency situation must never reveal confidential information to the other party without written permission.

The agency laws were put into practice to protect home owners and home buyers. It establishes that an agent must put the needs of the principle above his own. The law also makes the declaration of who represents who and in what capacity widely known. There are to be no secrets in a real estate transaction.

Dangers of Dual Agency

In most real estate transactions there is one agent representing a seller (aka sellers agent or listing agent) and another agent representing a buyer (aka buyers agent). However, at times, one agent might end up representing both the buyer and seller. This is called dual agency. It is perfectly legal but also can be filled with challenges. In California law, a dual agency status must be acknowledged and agreed to in writing by all parties.

To understand the potential challenge let's use this as a scenario:
• The house is informally appraised and the fair market value seems to be $270,000
• The seller begins with a listing price of $275,000
• The real estate agent represents both the buyer and seller: a dual agency

It is not unusual in the beginning of the formation of a contract to purchase that the buyer will have his initial offer price and also a back up price in mind. He might tell his agent to offer $260,000 but would not go higher than $265,000.

If this agent represents both the buyer and the seller how does he approach the seller with that offer? He must tell him there is an offer of $260,000 but cannot reveal anything else without breaking his fiduciary duty to the buyer.

Now the seller does not want to sell the house at $260,000 and asks his agent what he thinks would be a good counter offer? Does the agent knowing the house is worth an estimated $270,000 suggest to him to counter at $270,000 and possibly lose the deal? This would be in the best interest of his seller. But he could also recommend the seller to counter at $265,000 knowing the deal would most likely close. This would be in the best interest of his buyer. He could even say, I cannot tell you what to counter it as which might not make his client too happy. The agents' fiduciary duties to both of them are in conflict.

Other challenges could crop up when further in the process it comes to other concerns; for example, repairs. The buyer might want a carpet allowance. So the agent needs to represent that need. But he also has the duty to get the most money for the seller. This is just an example of another challenge in dual agency situations.

I do not write this to say that dual agency is bad, wrong, or illegal. It can be done and be done successfully. I write this so people understand that agency clarification is important; do not treat it lightly. If you are potentially in a dual agency situation you must consider all the benefits and challenges.

This is why in California (and in many other states) agency clarification is the first form to be filled out in the real estate process. You want to know exactly who is representing who so you do not reveal information to 'the other side' accidently.

Let me finish with an interesting twist; 2 different people working for the same broker also creates dual agency. For example, I am with Century 21 Award. We have 14 offices in San Diego and Orange County with 100's of agents. I work out of the Rancho San Diego office and let us say I have a listing. A person that I do not know and have never met works for our Award office in La Mesa. That agent could bring a buyer to my listing, the buyers like it, and decide to make an offer. This is a dual agency because we both work for the same broker; Century 21 Award, even though we do not know each other and work out of different offices.

As always, if you have any questions about this or any real estate matter I am as close as an e-mail.

Real Estate Companies

A very critical concept in California Real Estate Law is the disclosure of agencies. In 1987 legislation was passed to protect home owners in regards to the agency status of their real estate professionals.

Agency is simply the relationship between the principle (the seller or buyer) and the real estate professional. In agency, the professional has a fiduciary duty to look out for the best interests of his/her principle. The fiduciary duty is defined as the 'duty of utmost care, integrity, honesty, and loyalty in dealings.'

There is a form that is used called the Agency Disclosure form (or AD for short.) This is the very first form that is used in every real estate transaction. It has 1 purpose: it discloses (makes openly known) the 3 types of agency that could happen in a real estate transaction.

1. Agent represents the seller only.

In this agency the agent for the seller represents only the seller. He has a fiduciary obligation to get the seller the best price possible for his home. He also has the fiduciary duty to make sure the seller understands all the forms he must sign. The agent serves to protect and promote the seller. In a fiduciary relationship the agent has an obligation to put the needs of the seller first above his/her own needs. He does not have a fiduciary duty to the buyer but does own the buyer the duty of fair and honest dealings.

2. Agent represents the buyer only.

This is the exact same as above except the agent represents the buyer only and has the fiduciary duty to get the home for the buyer at the best price while protecting and promoting his/her best interests. He only owes the seller the duty of fair and honest dealings.

3. Dual agency: agent represents both the seller and buyer

If a dual agency is formed it must be disclosed and agreed to by all parties of the transaction. A dual agency can never be done in secret. This dual status must be known because an agent will know confidential information about his principles. The disclosure forms states that an agent in a dual agency situation must never reveal confidential information to the other party without written permission.

The agency laws were put into practice to protect home owners and home buyers. It establishes that an agent must put the needs of the principle above his own. The law also makes the declaration of who represents who and in what capacity widely known. There are to be no secrets in a real estate transaction.

Dangers of Dual Agency

In most real estate transactions there is one agent representing a seller (aka sellers agent or listing agent) and another agent representing a buyer (aka buyers agent). However, at times, one agent might end up representing both the buyer and seller. This is called dual agency. It is perfectly legal but also can be filled with challenges. In California law, a dual agency status must be acknowledged and agreed to in writing by all parties.

To understand the potential challenge let's use this as a scenario:
• The house is informally appraised and the fair market value seems to be $270,000
• The seller begins with a listing price of $275,000
• The real estate agent represents both the buyer and seller: a dual agency

It is not unusual in the beginning of the formation of a contract to purchase that the buyer will have his initial offer price and also a back up price in mind. He might tell his agent to offer $260,000 but would not go higher than $265,000.

If this agent represents both the buyer and the seller how does he approach the seller with that offer? He must tell him there is an offer of $260,000 but cannot reveal anything else without breaking his fiduciary duty to the buyer.

Now the seller does not want to sell the house at $260,000 and asks his agent what he thinks would be a good counter offer? Does the agent knowing the house is worth an estimated $270,000 suggest to him to counter at $270,000 and possibly lose the deal? This would be in the best interest of his seller. But he could also recommend the seller to counter at $265,000 knowing the deal would most likely close. This would be in the best interest of his buyer. He could even say, I cannot tell you what to counter it as which might not make his client too happy. The agents' fiduciary duties to both of them are in conflict.

Other challenges could crop up when further in the process it comes to other concerns; for example, repairs. The buyer might want a carpet allowance. So the agent needs to represent that need. But he also has the duty to get the most money for the seller. This is just an example of another challenge in dual agency situations.

I do not write this to say that dual agency is bad, wrong, or illegal. It can be done and be done successfully. I write this so people understand that agency clarification is important; do not treat it lightly. If you are potentially in a dual agency situation you must consider all the benefits and challenges.

This is why in California (and in many other states) agency clarification is the first form to be filled out in the real estate process. You want to know exactly who is representing who so you do not reveal information to 'the other side' accidently.

Let me finish with an interesting twist; 2 different people working for the same broker also creates dual agency. For example, I am with Century 21 Award. We have 14 offices in San Diego and Orange County with 100's of agents. I work out of the Rancho San Diego office and let us say I have a listing. A person that I do not know and have never met works for our Award office in La Mesa. That agent could bring a buyer to my listing, the buyers like it, and decide to make an offer. This is a dual agency because we both work for the same broker; Century 21 Award, even though we do not know each other and work out of different offices.

As always, if you have any questions about this or any real estate matter I am as close as an e-mail.


Real Estate Agent, Real Estate Agency

Real Estate Agency Pennsylvania