What an agent can do for you
An agent may represent either a seller or a buyer only; he cannot represent both especially if he’s dealing with only one property. There are two types of agent; a listing and a selling agent. If you are looking for a house to buy; you should look for a “selling agent”, if you are selling your house then what you need is a “listing agent. Both specializes on their own field and you must remember not to confuse yourself. But sometimes the agent can do both jobs only if the buyer or seller agrees with the set-up and will sign a written consent. Moreover, in dealing with these agents you should be extra careful and you may want to do a background check regarding what company he’s connected, experience and track record in terms of successful transactions.
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Normally stated in a written listing agreement to sell property, the agent should only represent the seller. The agent will only be allowed to represent the buyers under a written consent from the seller. In the same manner that an agent representing a buyer is not allowed to represent a seller unless the buyer agrees otherwise. When the transaction starts, the agent is expected to be reasonably careful and diligent to his client as well as to the other people involved in the transaction. He is also responsible to make sure that any deal should always be done in good faith and with all honesty.
Lately, the most common question circulating among people in the real estate industry is “What will happen to real estate market in the next 6 months?” Clients are asking when will the real estate market turn? The answer will be indicated by the number of loans that were funded. The clue is to listen to what the local lenders have to say. When they say that many loans were closed, then it is time to purchase because good deals will be visible. According to Wall Street, the real estate market most probably will not normalize yet until two more years.




