Tag

Dual agency

How to Spot a Newbie Realtor: Exhibit A

Beginner Drafting Mistakes “As I am smoking . . . I don’t expect to be thanked.” —What John Hurt’s character ” in “Love and Death on Long Island” (1997) ” says to the cab driver, when the latter points to the cab’s “Thank You For Not Smoking” sign, and asks Hurt to extinguish his cigarette. [Editor’s Note: The views expressed here are...
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Remind Buyer to Do Their Walk-Thru Inspection? Depends Who You’re Representing

Dual Agency Dilemma #17 Never having represented both the Buyer and Seller in the same transaction (I consider it a classic conflict of interest), one of the questions I have for agents who do act as dual agents is, “how do you navigate things like the Buyer’s walk-thru inspection? Provided for in the standard Minnesota Purchase...
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Multiple Offers & Variable Rate Commissions

Level Playing Field — or Stacked Deck? Once a Buyer’s agent has determined that a home their client wants to buy is in multiple offers, the foremost question on every Buyer’s mind is, “What’s it going to take to get this house?” In turn, that depends on the Comp’s; the motivation and number of competing...
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Listing Contract: “Seller’s Agent Will Not Also Represent Buyer”

Unsolicited Advice to Would-Be Home Sellers [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] If your prospective Realtor won’t agree to adding the clause above to your listing contract...
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“Dual Agent” vs. “Double Agent”

Choosing Sides (Or Not) No one asked me, but I know how to bring the practice of “single agent dual agency”  — whereby one Realtor represents both Buyer and Seller in the same transaction — to a screeching halt: start referring to such agents instead as “double agents.” But even that label is misleading. Whereas...
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Realtor Conflicts of Interest: Multiple Choice

  High Quality Problems to Have [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Which of the following roles pose a potential conflict of interest for a Realtor? (at least...
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