Discuss your goals with your real estate professional before deciding which type of list contract is best for your needs. There are different types of agency relationships. If brokerage represents only one client in a given transaction, it is a “single” agency. Another type of agency, designated agency, occurs when the broker and client agree that the brokerage agency will designate one or more licensees mandated by that broker to provide real estate services as the exclusive representative to the client or on behalf of the client. In the designated agency, mediation has contractual obligations to the client, but it is the designated agent who acts as the sole agent on behalf of the client. A broker or his or her designated agent may also agree with a buyer or seller that he or she will not act as an agent on his or her behalf in a transaction. In other words, there will be no representation of the agencies. In the designated agency, The Maklerunde and the client agree that these obligations – with the participation of the designated agents to maintain the client`s trust and the management of the money on behalf of the client – are the responsibility of the designated agents. Only licensed real estate agents and sellers can help you buy, sell, rent or exchange real estate. The license must be up-to-date and in “active” status. This support includes a number of services. B such as controlling real estate over basic valuations (not to be confused with the services of a licensed expert), negotiating sales, selling or leasing contracts, holding trust accounts and advertising. At the beginning of the first meeting with a real estate professional, they should provide you with full disclosure of the nature of their relationship with you as a seller.
The real estate professional is legally obliged to provide this information and explain their implications. An offer to purchase contains information on how the buyer intends to finance the purchase. If the broker or seller contains significant commitments or insurance regarding the property or what is included in the sale, these commitments must be included in the purchase and sale agreement. Each type of list applies only for the period specified in the agreement. Be sure to note what this period is. Once a dual agency relationship has been agreed, the agent (broker or designated agent) cannot fulfill all of its obligations to both parties. As a result, the obligations are limited under the contract and the single representative, be they brokers or their designated agents, becomes double agents, their duties being limited as follows: while the majority of licensees present themselves as genuine professionals, the professional licensing department will act against those who violate the Council`s statutes or rules and regulations.