exclusive buyers agent: Agents can avoid dual agency by joining NAEBA - if they qualify.
- 05/13/12 06:18 AM
There is a lot written about the pitfalls of dual agency and there is a lot of good advice to buyers that they should avoid it. There is not so much written about how either buyers OR agents CAN avoid it - or how they can be sure they will avoid it. The choice has not been made clear. Part of the problem is the deceptive way in which many agents advertise. Much advertising violates both the NAR code of ethics (lets face it most real estate agents are members of NAR and are subject to NAR's COE.) and federal and … (0 comments)
exclusive buyers agent: How not to find an agent if you are a buyer!
- 10/09/11 02:42 AM
I got the following from a big real estate franchise company website - it suggests that you should find an agent by looking for someone with a lot of signs in the area in which you want to buy: DO NOT DO THAT "3. If you've already determined where you'd like to live, drive through neighborhoods in the area and survey them for REALTOR® yard signs. Seeing the same name pop up on signs time after time … (2 comments)
exclusive buyers agent: Couples: Buying a Home
- 05/11/11 10:53 AM
Buying a home is a team effort for a couple.Communicate preferences with each other. Make sure you each REALLY understand.You may both say you want a yard but how big - and for what? Who will maintain it? Will the need change over time? What if you add kids - or a pet?You may want to be near work. But whose work? Does near to one mean far from the other? Do you want to be near (or far) from relatives? Do you and your partner mean the same thing by ‘near’?Where does the increasing price of gas fit into your … (0 comments)
exclusive buyers agent: Looking at homes without an agent often means you get no representation.
- 05/08/11 02:14 AM
Once a month or so I get a call from someone that saw a house with an agent from the company that listed it. They are not 'comfortable' working with an agent that is also representing the seller (nor should they be). There is always surprise when I tell them they may be stuck with that agent if they want to pursue that house. Procuring cause (http://www.procuringcause.com) is the hidden landmine for home buyers. The problem persists for 2 reasons. 1. MANY listing agent advertise as buyer's agents without sufficiently disclosing that they may be forced into dual agency representation or … (0 comments)
exclusive buyers agent: NATIONWIDE OPEN HOUSE June 4-5 2011 survival guide
- 05/03/11 05:05 AM
Wow. It sounds like expectations are high that buyers will be out looking at homes in June.This really falls under the category of home buying for beginners but experienced buyers are at risk too.Some buyers are just starting their search and don't have an agent yet. Thyy are at risk of getting trapped with an agent working for the seller. (Read up on 'Procuring Cause' at http://www.procuringcause.com )If you don't already have an agent (and let the seller's agent holding the open house know that fact) you could be trapped into using the seller's agent. Forewarned is forearmed.What to do: The … (1 comments)
JP Morgan Chase: I referred many buyer's to a loan officer over the years but then started to get complaints that he was not responsive or very slow to respond. I talked with him about it and it got better for a while. I didn't refer anyone for 6 months then started again. For a while it was ok but then the complaints started again. I have not referred anyone for over a … (1 comments)
It contains the statement: Can an agent be both an exclusive buyer's agent and an exclusive seller's agent? Yes but not with two buyers and sellers on the same transaction. They can only exclusively represent ONE. They can be a limited dual agent."
No they can't. The term Exclusive Buyer's Agent refers to an agent that works for a company that exclusively works for buyers and represents NO sellers - at all.
Paul Howard, Broker NJHomeBuyer.com Realty Cherry Hill NJ 08002 856-488-8444
Member: Naeba … (9 comments)
exclusive buyers agent: South Jersey: In the MLS: Days on Market vs Property Marketing Period
- 06/06/09 01:20 AM
What you should know: What your agent knows = What you should know. Days on Market: May not be an accurate representation of the length of time a property has been on the market because this number only refers to the days on market for one listing of a property. Multiple listings due to withdrawal from market followed by relisting and expiration of listing followed by relisting serve to provide an inaccurate picture of the time a property has been on the market. TREND MLS has tried to improve the accuracy of information available to agents. Property Marketing Period: The … (2 comments)
exclusive buyers agent: Real "Buyer's Agents" NEVER ask buyers to sign a "Consent to Dual Agency" agreement.
- 05/25/09 01:02 AM
I got a referral the other day from NAEBA. The potential buyer, I found out later, had signed an "Exclusive Buyer Agent" agreement with an agent of one of the large franchise companies. She actually KNEW that the agent was not an Exclusive Buyer Agent and that all the contract meant was that she had to work with this agent (exclusively) for the term of the agreement (though it did have a cancellation provision). The use of the term "Exclusive Buyer Agent" in this context is at best misleading. There is an organization of EXCLUSIVE BUYER AGENTS called the National … (8 comments)
exclusive buyers agent: What should you tell your agent?
- 02/13/09 01:12 AM
Unless you have something in writing from 'your' agent promising that their company will not engage in dual agency you would do well to keep looking for an agent. Even if they say they will work with you as a buyer's agent, DO NOT TELL THE AGENT ANYTHING THAT YOU WOULD NOT TELL THE SELLER unless the company has no potential to end up as a dual agent. They may be required to be neutral but often agents list homes for friends or relatives. Do you really believe they could be neutral even if they did try? You don't need neutrality … (0 comments)
exclusive buyers agent: Listing Agent Responsiveness
- 06/18/08 11:21 AM
With the tools we have these days communications can happen very quickly. Most of us are "connected" and then some. I prefer communications with almost everyone to be by email, at least in a business context. The simple reason is that I want a record of what I say and what I'm told. I'm always a little suspicious when I send an email request for information and don't receive an acknowledgment within at least 12 hours. (I prefer no more than 4) Not necessarily an answer but an acknowledgment that the email was received. Of course it can happen that the … (0 comments)
For those who are not up on FHA it is a good time to look at this type loan. There is no reason not to unless you are always above the FHA loan limit. In 2004 FHA was a last resort for many. In 2008 it should be the first loan type considered. This is even more true if your credit score is below 700. HUD just issued new guidelines regarding non traditional credit that you can learn about here: http://www.hud.gov/offices/adm/hudcl...ee/08-11ml.doc I usually read HUD mortgagee letters: which you can find here: http://www.hud.gov/offices/adm/hudcl...ers/mortgagee/ If you work with anyone … (0 comments)
I have the time - and can save yours
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