Broker Property Real With A Lighter In Franklin
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FAQ
As a home buyer, you have the choice of using a mortgage broker, or to go directly to a bank. Mortgage brokers are professionals who specialize in offering assistance to homebuyers by searching range of lenders, helping them understand the different lending options available and securing you the best deal possible.
In brief, dual agency is appropriate in a sales transaction only when it is agreed to – in writing – by fully informed sellers and buyers. One of three types of agency representation (see box), dual agency arises when a firm is representing both the sellers and buyers in an in-house sale situation.
Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them. A realtor is a licensed real estate agent or broker who is a member of the National Association of Realtors.
Buyer-Broker Agreement: A legally binding contract that ensures your real estate agent is fully committed to representing your best interests. Transparency & Protection: The agreement outlines responsibilities, clarifies expectations, compensation, and ensures your agent works in your best interest.
In the vast majority of states, an agent can represent both a buyer and seller only with the parties' full knowledge and consent. In fact, most states have standard real estate forms where an agent must explain if they're acting as a dual agent in the transaction.
