Jeff Comlin
Success! Real Estate
Office: 781-848-9064
Cell: 781-413-4293
Fax: 781-848-9975
[email protected]
Success! With Jeff Comlin
Professionalism, Integrity, Service, Experience
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> Getting Started
 
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    > Steps to Purchasing
     
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    Meet With A Realtor

    When choosing your realtor, you should look for one who:

  • Listens well
  • Understands your needs
  • Has judgment you can trust
  • You get along with
  • Wants to work with you during this big financial decision
  • Will help you guide you through the process of buying a home rather smoothly
  • Is commited to your Success!
  • The following are three types of Agency Representation:

    Seller’s Agent

    The agent represents the seller and they owe the seller undivided loyalty. They must put the seller’s best interest first and negotiate for the best price and terms for their client. For example, if you are selling your house, you would hire a seller's agent to list the house in MLS (Multiple Listing Service) and market the house. The seller's agent will try to get the best price possible.

    Buyer’s Agent

    The agent represents the buyer’s best interest. They must put the buyer’s interest first and negotiate for the best price and terms for their client. The buyer will pay this fee for this service.

    Disclosed Dual Agent

    An agent can work for both the buyer and the seller on the same property, provided such broker obtains the informed consent of both parties. The agent is then considered a disclosed dual agent. This agent is obligated to work with both buyer and seller fairly and honestly. In this type of agency relationship, the agent does not represent either the seller or buyer exclusively, therefore the buyer or seller cannot expect the agent’s undivided loyalty. Also, undisclosed dual agency is illegal.

    For example, a seller lists their house with a seller's agent. The agent is the seller’s agent for the home. The same agent is contracted to be a buyer’s agent and is paid by a buyer. The buyer wants to buy the agent's listing. The agent has a conflict of interest, as (s)he is representing both buyer and seller. The agent must disclose the situation and confirm that both parties are comfortable with it.





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