estate agents represent both buyers and sellers but not typically at the same time. Having the listing agent represent you as a buyer is an example of dual agency which is illegal in some states and can create a potential conflict of interest. As of August 17, 2024, potential purchasers using an agent must have a buyer's agreement with a realtor. A buyer's agreement is a contract that defines how the buyer and the real estate agent agree to work together. It sets expectations and protects both parties. Key points include: • Clarifying responsibilities and expectations. • Establishing an exclusive working arrangement for a period of time. • Outlining compensation terms for the agent. A buyer's agent will find potential homes, communicate with the seller’s agents, and represent your interests when negotiating the purchase. They will identify properties, based on your pre- approval, that fit your budget and criteria, help you develop a competitive offer, negotiate on your behalf, and provide you with knowledge and support throughout the process. The agent has access to the Multiple Listing Service (MLS), where they can find more detailed information about individual properties than is available on real estate websites and apps. Insight into the area. Your agent can provide you with the flavor of the neighborhood and information about the restaurants, the markets, boutiques, clubs, houses of worship, social events and more. However, The Fair Housing Act prohibits them from answering questions about crime, religion, neighborhood economic status and the local school district. An agent will be able to point you to reliable sources that can provide quantifiable information about these important factors.
Go home shopping. Scrolling through listing photos just isn't
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