Dc Fawcett real estate Dual agency situation occurs when two agents are working for same real estate firm or same agent acts for both buyer and seller. This situation prevails mostly in small towns.
Dc Fawcett real estate reviews states on how dual agents work?
We know that even single agent can help the investor in purchasing a property but when you hire dual agent, you pay the entire amount to a single agent who plays both the roles and get the entire profit. Dual agents will not reveal the seller’s best price (offer) and usually make him accept the least offer. On the other side, the buyers will not know whether he has got the best deal or not till the end and the dual agent should satisfy the needs of both the seller and the buyer.
Dc Fawcett real estate
There are few circumstances which may jeopardize the dual agent i.e. when he favors one party over the other and finish off the transaction , hence he is also known as transaction broker. In order to stay neutral, he will not disclose the interests of either party. To abide by the law, it is the duty of the dual agent to inform the state court that both the buyer and seller are going to make a deal in presence of a dual agent as they were unable to get agents separately, as well as it is must to get the consent from both the parties.
If you’re a pro in investing and you know the nooks and corner of purchasing and selling a property, hiring a dual agent will finish off the work quick. But if you are a new investor, purchasing or selling your property for the first time then it is not advisable and hire your own agent.
The other way of representing the dual agency situation is a realtor who neither represents a seller nor a buyer, but assists in closing the deal. A realtor must keep all your financial information confidential. ( Dc Fawcett real estate ) https://creativerealestatetraining.com/dc-fawcett-real-estate/
What is the work of a real estate agent?
- Finding a suitable home that suit all your needs in the best location of the city that is safe to reside
- Negotiating the price of the property so that you get the best deal.
- Bargaining the cost of home inspection Pros
- You get better communication as there is only one agent in the entire deal.
- You can bargain for a discount in the agent fee as he plays the dual role.
- Smooth transaction
- Deadlines and documents are not missed since one agent handles entire deal.
- Total time for the paperwork can be drastically reduced
There are several scams that involve a real estate agent, Dc Fawcett advises his investors to have a dual agent is to avoid scam as both parties deal with the same agent , the chances of getting betrayed is almost nil.
Zack Childress REI quick cash system talks about having a dual agent and its benefits, investors can make use of it.
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