You Do Have Options!

The Ohio Department of Commerce Real Estate Division wants all consumers to know that they have options and choices they can make when it comes to being represented in their transaction while buying and selling real estate.

Since 1997, Ohio real estate law has been amended to allow buyers to be fully represented in their transaction from a financial and legal aspect. Not knowing about agency representation could cost consumers perhaps tens of thousands of dollars over the life of a 30 year mortgage.


Practitioners Fall Short on Disclosure(March 21, 2006) --

Only 30 percent of home buyers were given representation disclosures last year when they met with their real estate professional for the first time, according to the NATIONAL ASSOCIATION OF REALTORS®, despite the fact that state law typically requires practitioners to provide such documentation at the initial meeting.

NAR also reports that close to 50 percent of first-time buyers were not given disclosures at all or had no idea whether they had received one.

Read the rest of the article:

http://www.realtor.org/RMODaily.nsf/pages/News2006032101?OpenDocument