Friday, 22 July 2011

The Truth about the Responsibilities of Listing Agents

By Romeo Dolor


It is common that most people think of or refer a real estate agent as a salesperson. Many of these agents or perhaps most of them would rather get the opportunity to be just such a salesperson. But to be accurate, listing agents are not just salespersons. There is more to that. In the United States, most states have made legislation so that real estate agents are as well - agents.

Agents should be responsible to their clients. They have this so-called fiduciary duty which elaborates all the responsibilities they should be working out. This also means that the agent should always be dependable to act in the best interests of his or her client. A salesman of a car company does not have to act in your best interests - he or she just has to sell the car. For real estate agents of Homes For Sale in Newton, it is not just that simple.

Selling the house is not just what a real estate agent does, he has to be responsible in every step of the way. The kind of job they have is something that involves a lot of liability, which is the main reason for all the disclosures and bundles of documents and titles, and why they demand for a good pay for handling such responsibilities that cannot be handled by common salesmen.

Your agent acts as a "seller's agent, and that is what the listing contract has indicated." This further details that in the sale of your home in Canton GA Real Estate, the listing agent solely works for you and no one else, and figures out for the best of your interests.

There may be times however that your listing agent has a client who might happen to have an interest buying your home. In cases like this, there is a little need for modifications in the listing contract. Your agent can also represent the buyer, therefore, the listing contract should indicate that they provide an additional disclosure to further detail if they still want to act as your exclusive agent or assume the duties of a dual agent.

The permission for your listing agent to act as an agent for others on other transactions is also provided in the contract. So besides doing their responsibilities for you, this further means that the agent can still continue to do property listing, and represent buyers who hunt for other homes to buy.




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