Common
Questions
If I choose to be represented by a Buyer agent or a
Seller agent, what services should I expect?
• Obedience
• Loyalty
• Reasonable care and skill
• Confidentiality
• Accounting for funds
What should I ask when seeking representation by
a real estate agent?
• Are you licensed and what is your license #?
• Can I work with other Companies during the time
of the agreement?
• What will happen if I buy or sell on my own without
the agent?
• When will the agreement expire?
• What happens if the agent found a potential buyer
or seller while I was under agreement and the potential
buyer or seller contacts me after the agreement
has expired?
• How will the agent or company be paid for their
services?
• Does the company represent both buyers and
sellers?
•
Will the agent or company continue to provide
any services after the transaction is
completed? |
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As a real
estate consumer in Massachusetts, it
is your choice as to the type and nature of
services you receive.
• You may choose not to have representation
by a real estate agent and represent
yourself while the agent of a company represents
the other party.
• You can choose to enter into an agreement
to be represented by an agent of a
company.
• You can choose to be represented by a
company that only represents buyers or
sellers or is a designated agency whose
agents represent both buyers and sellers.
Whichever you choose, you must read any
contract with an agent prior to signing. Confirm
the services that will be offered and how the
fee is paid (and by whom). You should discuss
the nature of the representation with the agent
sufficiently to understand.
Before you share information with an agent
about your need, motivation, time line or financial
concerns, be sure you understand whether
or not that agent is working only in your best
interests. This information may affect your bargaining
position when negotiating a deal. |
