you a rundown of local activities, restaurants, shopping centers, and schools nearby. If negotiations need to be made over the price, you won’t have to haggle for yourself. Your buyer's agent will do that for you as well as prepare the offer. They will check the contract documents and communicate with the attorney, lender, inspector, and the seller's agent to make sure everything is moving towards a smooth closing.
WHAT IS A DUAL AGENCY?
A "dual agency" relationship occurs when a buyer is being represented by a brokerage firm that controls the listing. Once an agent represents both the seller and the buyer within the same transaction, the situation is known as "dual agency." In multiple states, this is illegal because of the conflicts of interest that can arise regarding the broker. All agents hold the same responsibility, which is to inform their clients of all potential risks that could arise due to conflicts of interest. Legally, agents are not allowed to work on both sides of any transaction without consent from the clients. If you're selling your home and you don't want your agent to also work with the buyer of your home, it's your right to say so in the listing agreement. This is also true for buyers. A buyer can get out of an agreement with an agent if they are interested in purchasing a home their agent is listing. When it comes to dual agency, there are definite advantages for the seller: · Your agent brought you the buyer knowing that you're selling, even if your property has not yet hit the market. · Your listing agent will have already covered and researched your neighborhood's market to gain buyer inquiries, which means your agent will be working from all sides of the deal to sell your house faster, and with more incentive. · Your agent works together with corporate relocation buyers
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