Who is my REALTOR really working for?
Why "Agency" may be the most important word in real estate today.
Whether buying or selling Stark County real estate, understanding "Agency" is the first step towards success for your real estate transaction. Your transaction is one of the most important financial decisions that you will ever undertake. It is my goal to help you to fully understand and be aware of your rights to be represented, as well as what your options are and what choices you can make.
"Agency" in real estate refers to the nature of the fiduciary responsibility that exists between you and the real estate professional you choose to work with. Having a complete understanding of the nature of this relationship is the first step to working together to achieve your real estate goals.
It's about loyalty and responsibility...
Tradtionally, real estate professionals worked mostly as agents of the seller, not the buyer. Their loyalties and responsibilities rested with those of the seller (who agreed to pay the brokerage fee, i.e. hired the agent). Often the buyer had no idea of the true nature of this relationship.
Are you a buyer? You now have an option...
Buyers may now retain a real a real estate professional to represent their financial and legal interests when it comes to the purchase of a home. It's called a "Buyers Agent". Buyer's need to fully understand this very complex subject of agency. It could possibly mean saving tens of thousands of dollars in their own pocket over the life of a 30 year term mortgage loan.
If you have any questions about buyers agency in Ohio, please don't hestitate to ask. For more information on agency law in Ohio, you can contact the Ohio Division of Real Estate & Professional Licensing at (614) 466-4100, or on their website www.com.state.oh.us.
I've put together a very short slide show graphical program that may be of help as a beginning to understanding agency relationships. When we get together we can talk about agency more fully.
Click to view:
http://www.visualtour.com/shownp.asp?T=551205
I would appreciate hearing your comments either here or by private email.
JDvorovy@CutlerHomes.com
Thanks, and best regards,
Jim Dvorovy
Whether buying or selling Stark County real estate, understanding "Agency" is the first step towards success for your real estate transaction. Your transaction is one of the most important financial decisions that you will ever undertake. It is my goal to help you to fully understand and be aware of your rights to be represented, as well as what your options are and what choices you can make.
"Agency" in real estate refers to the nature of the fiduciary responsibility that exists between you and the real estate professional you choose to work with. Having a complete understanding of the nature of this relationship is the first step to working together to achieve your real estate goals.
It's about loyalty and responsibility...
Tradtionally, real estate professionals worked mostly as agents of the seller, not the buyer. Their loyalties and responsibilities rested with those of the seller (who agreed to pay the brokerage fee, i.e. hired the agent). Often the buyer had no idea of the true nature of this relationship.
Are you a buyer? You now have an option...
Buyers may now retain a real a real estate professional to represent their financial and legal interests when it comes to the purchase of a home. It's called a "Buyers Agent". Buyer's need to fully understand this very complex subject of agency. It could possibly mean saving tens of thousands of dollars in their own pocket over the life of a 30 year term mortgage loan.
If you have any questions about buyers agency in Ohio, please don't hestitate to ask. For more information on agency law in Ohio, you can contact the Ohio Division of Real Estate & Professional Licensing at (614) 466-4100, or on their website www.com.state.oh.us.
I've put together a very short slide show graphical program that may be of help as a beginning to understanding agency relationships. When we get together we can talk about agency more fully.
Click to view:
http://www.visualtour.com/shownp.asp?T=551205
I would appreciate hearing your comments either here or by private email.
JDvorovy@CutlerHomes.com
Thanks, and best regards,
Jim Dvorovy
posted by Jim Dvorovy at 10:07 AM
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