Sometimes, I see how some Realtors continue break this rule. They are confused about their fiduciary duty Many Realtors out there do not have any business doing short sales and they should stick to what they know best. The biggest misconception is: You are helping a family and your actions will have an impact on the quality of their lives for the next few years. So please remember, in a Short Sale. . Your client is NOT the bank! Your fiduciary relationship is with the seller. You must always look out for the best interest of your seller. . and the approval letter must contain the right language or send it back!
Realtors need to be aware that their responsibilities is to the homeowner and not to the bank!
Re/Max Westside Properties - Marina del Rey, CA
CRS
Most agents do not even read the "term Letter" or "approval letter", let alone know what to look for. I agree that there are many agents who should stay away from short sales.
Jan 25, 2010 02:30 AM
Author of 'Realtors Guide To Short Sale Success - Eustis, FL
Short Sale Education
Author of 'Realtors Guide To Short Sale Success - Eustis, FL
Short Sale Education
Comments(3)