Each agent protects their individual client's interests. It's also possible, however, for both the buyer and seller to work with the same real estate agent in an arrangement called dual agency. Having only one agent involved in a transaction can simplify the process.
This knowledge will ensure you are informed and can make decisions with confidence, so a buyer's agent is worth it. From access to off-market properties to comprehensive due diligence to negotiating the best deals and managing the stress of the buying process, buyers' agents offer many benefits.
If, however, the buyer cannot complete for any reason, the seller can retain the buyer's deposit and resell the property. The seller can then claim for any losses he may have suffered due to the failure to complete.
You or your attorney should send the buyers a strong letter, demanding that they either go to settlement within the next ten days or provide you with a written explanation as to why they are in default. The letter should also contain a release document whereby the buyers agree to release the deposit to you.
Starting the Complaint Process Complete a Licensee/Subdivider Complaint Form (RE 519). The complaint form may be obtained directly from the DRE website (.dre.ca) or by calling the Department's Enforcement Section at (877) 373-4542.
Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Seller's Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.
The complaint form may be obtained directly from the DRE website (.dre.ca) or by calling the Department's Enforcement Section at (877) 373-4542.
The mission of the California Department of Real Estate is to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement.
You can also direct general licensing and testing questions to us via email. DRE's Virtual Call Center remains open Monday through Friday from a.m. to p.m. at 1-877-373-4542.
Owner information​ is available by contacting the Assessor's Office​. Public Information may be viewed on our lobby computers. The lobby is open Monday through Friday, 8 a.m. to 5 p.m. Public information may be also be purchased.