additional paperwork needs to be executed, they will assist you with that as well. When we finally hear that we are "clear to close" from the lender, your agent will schedule a time for a final walk through and a signing/closing time with the title company. You agent will be present at closing and will answer any questions that come up at the closing table. This is an exciting and often anxious time, and your agent will be with you every step of the way.
DUAL AGENCY/INTERMED CY/INTERMEDIARY STATUS: THE B TUS: THE BASICS
I covered this briefly in an earlier section, but an intermediary relationship occurs when a buyer is being represented by a brokerage firm that also 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. Dual agency is legal in Texas but it is not a good idea in my opinion. Even in states where allowed, dual agency must be clearly disclosed and consented to by all parties involved. This arrangement can create potential conflicts of interest, and buyers should be fully aware of these implications before agreeing to dual agency. 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 also ask for another agent to be appointed or they can get out of a buyer's representation agreement with an agent if they are interested in purchasing a home their agent has listed.
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