Are you tired of searching by yourself and not sure how to deal with brokers representing the seller?
Would you hire the same attorney representing the seller? Would that be a wise choice?
The same applies to real estate brokers.
According to the New York State Disclosure form for Buyer and Seller, “a buyer’s agent is an agent who is engaged by a buyer to represent the buyer’s interests. The buyer’s agent does this by negotiating the purchase of a home at a price and on terms acceptable to the buyer. A buyer’s agent has, without limitation, the following fiduciary duties to the buyer: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and duty to account. A buyer’s agent does not represent the interest of the seller. The obligations of a buyer’s agent are also subject to any specific provisions set forth in an agreement between the agent and the buyer. In dealings with the seller, a buyer’s agent should (a) exercise reasonable skill and care in performance of the agent’s duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the buyer’s ability and/or willingness to perform a contract to acquire seller’s property that are not inconsistent with the agent’s fiduciary duties to the buyer.”
Be wary of Dual Agency
Dual agents cannot fully perform all their fiduciary duties for the seller and for the buyer at the same time. Undivided loyalty, and full and fair disclosure are not possible when a Dual Agency is created. Both seller and buyer are giving up their right to the agent’s undivided loyalty. Once you agree to dual agency, you need to be careful about what you say to your agent because your agent may use the information in a way that is not in your best interest.
See also: Legal Memorandum LI12 BE WARY OF DUAL AGENCY
An easy solution? Buy with us!
Not only it won’t cost you anything, but you will also a have real estate broker buyer’s driven, on your side, and not working at the same time for the seller! You have the right to be represented by an agent who is loyal only to you throughout the entire transaction.
EXTREMELY EXPERIENCED AND KNOWLEDGEABLE
Working with so many clients, local and international, give us a much wider perspective and often allows us to anticipate market trends. We are quick, flexible and adaptable to the rapid changes that we are facing. We have worked in particularly difficult transactions that many brokers before us didn’t think were doable.
PERSONAL REAL ESTATE BROKERAGE
Our service is really custom made, on demand.
One example: if we realize that your property can be particularly attractive for buyers in a certain market, by using dedicated service platforms, we can directly target that market.
HIGH LEVEL OF SERVICE
We offer the same services that a large Corporation can offer, but we do that under our direct control.
STRAIGHTFORWARD: we always give our honest opinion.
Technology, online advertising, software and service platforms make it possible for a boutique Company to hit the highest point of service and to set up everything quickly and directly.