I am looking to buy a home (my first). My sister just said something about "signing a contract with the realtor" however the realtor I’ve been in communication with hasn’t brought that up. Does one always sign a contract with a realtor? What does it cover? For whose benefit is this, mine or the realtor’s? Is this common practice?
I’d like to get some background information on it before discussing it with my realtor, if I can ascertain that this is a valid, common practice,
Why would he not have mentioned this contract to me before?
It is more and more common, but not at all typical for a buyer’s agent to have a buyer sign a "Buyer’s Broker Agreement". The contract basically says that if you buy real estate in the next "X" months you agree to do it through thte agent so they can make a commission. Since you are committing to them then they will commit to you and spend hours and hours running around and showing you all kinds of property.
I have been working with buyers for over 10 years and have never asked someone to sign one. I think that it suits me better to develop a relationship with my clients. I have not had a problem with clients leaving me – but that may be an issue for other agents. Some agents use these agreements only for those clients they "get a feeling about" in order to avoid getting taken advantage of.
What is the difference between a realtor salesperson and a realtor broker?
An agent/salesperson/Realtor requires a licensed broker to supervise his real estate activities. A broker doesn’t require such supervision A broker’s license is harder to get vs. an agent’s license. A broker’s license requires the person to pass a more difficult test and to have years of experience in selling real estate. Basically a broker supervises agent/salepeople.
All a Realtor is, a member of National Association Realtors. Both an agent and broker can be members of the NEA. If the agent or broker is not a member of the NEA he can’t use the copyrighted term "Realtor".
The National Association of Realtor’s has a strict Code of Ethics that each member must adhere to. If a member doesn’t follow these rules they can be fined, censured, and possibly lose their real estate license.
If a bank seizes a house and gives a title of bank owned, how does it get assigned to a realtor?
Does has to ask the bank to get the listing or bank picks a realtor or?
I am guessing you are a RE agent. And you seek listings. Waste of time. If I am correct
re your query. I suggest you become a buyer’s agent and never ever do dual agency.
I can guide you
tons of buyers if you look in the "right places."
Im moving in the New york area, and Im not sure if I rent from a realtor do I or does the owner pay the broker fee? Im confused. I know I have to pay the security deposit and that months rent. I just need to know about the brokers fee or realtor fee? Basically who pays the realtor?
In New York State you pay the Realtor’s Fee.
Talk about never taking a break from work — a local realtor is working 24/7; living inside a house he wants to sell.
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TV5 News @ 10AM 07th August 2009
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Walking video tour of the Clara Barton condominiums by Realtor Jay Bauer. Penn Quarter
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Baltimore Episode of “My House is Worth What” with Ron Howard your Baltimore realtor @ 410-814-2404. Visit www.LiveBaltimorecity.com for Baltimore Real Estate. Baltimore Homes. Remax Sails. Ron Howard is a Certified Distressed Property Expert. (CDPE)
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Chael Sonnen sells real estate in beautiful Portland, Oregon. The commercial airs here during The Ultimate Fighter. The quality is crappy, but it’s better than nothing.
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