A real estate professional is a career agent. As such, this individual will stay informed on local, national and property related issues. The career agent will know the real estate industry and their clients. A professional will place their clients' interest before their own and will focus on service, not sales.
A Realtor® is a real estate agent who is also a member of the National Association of Realtors and has agreed to follow their Code of Ethics.
The listing agent represents the home seller and has a fiduciary responsibility to protect their financial interests. Likewise, the buyer's agent has a similar relationship and responsibility to protect the financial and personal interests of the buyer.
No. If you have in-depth knowledge of the area, know how to determine property values or can research the sales trends for houses in a particular area in the last few months, feel comfortable drafting and/or signing legal contracts, are confident during financial negotiations and have the time, energy and desire to find a home on your own, you can.
If you decide to fly solo, you will probably be working directly with the listing agent. You should remember the listing agent is hired to protect the seller's interests, not yours. If you want an agent to protect your fiduciary interests, you should use a buyer's agent to represent you and sign an Exclusive Buyer Brokerage Agreement.
Using a real estate professional makes buying a home easier. As experts in the field, professional agents can guide you as you search for your next home, they can offer service and assistance as you enter the maze of home ownership, and they can recommend service providers to get you what you need. By offering you the advice and resources when you need them most, an agent can save you time and money. For example, a real estate agent can:
Yes, you may. However, it isn't a good idea… If an agent is serving in both roles, he/she works as a “mediator” and helps the two parties to come to an agreement, but does not help either party in as much depth. As a buyer, you are not benefited by this relationship. Just because the agent is a listing agent for one home doesn't mean that he/she can't be your buyer's agent for a property that he/she hasn't listed.
|Are You Ready To Buy?||The Buying Process|
|Buying With A REALTOR||Determine Where You Want To Live|
|Financial Considerations||Financing A Home|
|Homebuyers' FAQ||The Closing|
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