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Buyer's Representation
Please consider this: If you are interested in buying a property, do you want the seller to be the only one represented by a Realtor or Broker or agent (salesman)? If you do not specifically have Buyer Representation - that's what will happen... Please read below to see the details. Then give me a call and we'll work together to find the home you really want at the best price and terms...
What is a Broker?
A Broker is an individual who (in Texas) is licensed by The Texas Real Estate Commission. The Broker has multiple years experience in the Real Estate Industry (having first practiced as an agent) and has completed extensive Industry Specific studies and has passed State and National examination.
What is a Realtor?
Not every real estate Broker or salesman (agent) are Realtors. A Realtor is licensed (in Texas) by The Texas Real Estate Commission and is also a member of the Association of Realtors and has pledged to adhere to the Code of Ethics of the National Association of Realtors.
What is a Buyer's Realtor/Broker?
When pre-designated, the Buyer is represented by the Realtor/Broker. This means that the Buyer's Realtor/Broker may advise the Buyer of the market, available properties, financing, property values, and other matters, some of which are not available to you without Buyer's Realtor/Broker Representation. The Buyer's Realtor/Broker does not represent the Seller, and must put the interest of the Buyer first - before the Seller. The Buyer's Realtor/Broker must disclose all material information to the Buyer - even if the Seller or the Seller's Broker had rather the Buyer not know such information. Simply put: If the Buyer does not have specific Buyer Representation - they may or may not know all material information to the transaction - for example: the lowest known sales price the Seller will agree to. Remember, if the Buyer has Buyer's Realtor/Broker Representation, then, the Buyer will know all material information available or discovered by the Buyer's Realtor/Broker. Generally, if a property is listed for sale, then the listing Realtor/Broker and salesman (agent) represent the Seller. So, if you are a Buyer - I strongly suggest Buyer Representation, and it is my specialty. I invite you to contact me for more information. Call (979) 691-2692 or e-mail Randal Stuart.
What is a listing Realtor/Broker or Sub-Agent?
The lisiting Realtor/Broker may be retained by a Seller to list and market a property for sale. The sub-agent may be either in the listing Realtor/Broker's office or may be in a different office. Generally, for example: when you see a for sale sign in the yard or an advertisement in the newspaper or on television, the Realtor/Broker or agent (salesman) whose name appears will be representing the Seller. And even if the Realtor/Broker or agent (salesman) is in a different office - they represent the Seller - unless you have Specific Realtor/Broker Buyer Representation.
What is an Intermediary?
A Realtor/Broker may act as an Intermediary between the Buyer and Seller. In this case, the Realtor/Broker must treat both parties honestly. However, the Realtor/Broker may not disclose any confidential information discovered to either party, for example: The lowest price the Seller will accept, or any information that the Realtor/Broker is told in writing not to disclose to the other party unless such information must be disclosed according to the Real Estate License Act or Court Order.
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