Agency

It is important for you as a purchaser to understand Agency! It is commonplace for the broker who lists the property for sale and the broker who works with a buyer (sometimes called the co-broker) to be paid by the owner and be the owners agents. Their duties, loyalties and faithfulness are owed to the owner and they must tell the owner all important information they know which might affect the owners decision concerning the sale of the property.

In this situation if neither broker is your buyer's agent, the brokers can provide you with:

•  Information about available properties
•  Sources of financing
•  Help analyzing and comparing the physical & economic features of different properties
•  An opportunity to preview property
•  Assistance in making an offer to purchase

Both brokers are obligated by law to treat you honestly and fairly. They must:

•  Present all written offers to the owner promptly
•  Disclose material facts about the property known by the broker
•  Offer the property without regard to race, creed, sex, religion, national origin, handicap or familial status

If you choose to have a real estate broker represent you as your agent (called a Buyer's Agent) you should enter into a Buyer Representation contract which will:

•  Clearly establishes the obligations of both parties
•  Set out how your agent will be paid and by whom

Buyer Orientation Pages

• Why Purchase a Home
• Five Main Reasons to Buy a Home
• The Home Buying Process
• Agency
• Buyer Agency
• Benefits of Buyer Agency
• What a Buyer Agent Offers
• Multiple Listing Service Member
• Hints on Working with Lenders
• Loan Pre-Approval Program
• Items Needed for Credit Application
• Prepaid Items Estimation
• Property Inspection
• Home Protection Plan
• A Parent's Checklist

Information herein believed to be accurate but not warranted.

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North Atlanta
  Luxury Homes

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