SC law requires that the agent gives you an explanation about the different agency relationships at the first substantial contact. This isn’t required in GA. When you have found the agent who should represent you in the buying process, you sign what is commonly called a "Buyers Agency Agreement". This allows your agent to speak with others involved in the transaction on your behalf. According to an article in Forbes Investopedia, working with the seller's agent is a mistake. "Any information you reveal will become leverage that the seller can use in a negotiation with a buyer.” A buyer's agent is legally required to maintain your confidentiality, disclose material facts to you, and maintain loyalty to you. These are fiduciary duties described in the buyer’s agreement. The agent will inform you about all available properties on the market that meet your requirements. However, he or she will ask you to get pre-approved before showing any homes which will make sure that you'll get only homes in the price-range you are approved for. It’s easy to find real estate agents who tell you they can take the job but finding agents with special credentials — those who have gone that extra step to take additional classes in certain specialties of real estate sales — are worth looking into. My credentials are · Certified International Property Specialist (CIPS ®) · Pricing Strategy Advisor (PSA®) · Short Sale & Foreclosure Resource (SFR® ) · Certified Relocation Expert · Certified Express Offers Expert · Additional NAR Training in Relocation and Investment properties. Similarly, if you choose to use a real estate agent who is also a member of the National Association of Realtors®, it will be a bonus. However, ensure they have credentials that are relevant to your need(s).
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