Sold By Summer Real Estate
Summer Bowen-Adams
 

Working With Real Estate Agents Brochure 





Agency Relationships Explained:


What type of agency relationship does your agent have with you?

Seller's Agent/Listing agent:

A seller's agent is hired by and represents the seller. ALL fiduciary duties are owed to the seller by their listing agent.  All personal and private information regarding the transaction is protected by the seller's agent and is not released to the buyer or the buyer's agent.  The agency relationship usually is created by a listing contract.

Buyer's agent:

A buyer’s agent is hired by the prospective buyer to represent them in a real estate transaction. The buyer's agent works in the buyer's best interest throughout the transaction and owes fiduciary duties to the buyer.  All personal and private information regarding the buyer's role in the transaction is protected by the buyer's agent and is not released to the seller or the seller's agent.  The buyer can pay the licensee directly through a negotiated fee, or the buyer's agent may be paid by the seller or through a commission split with the seller’s agent.

Disclosed dual agent:

Dual agency is a relationship in which the brokerage firm/agent represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it's vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states.

Designated agent:

This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees.



If you have a question on agency and what it means to you in your next real estate transaction, call me today!  Now more than ever, it is important that everyone have representation when buying or selling real estate!







 

 

 

 

 

 

Realtor Equal Housing Opportunity Multiple Listing Service
 

What my clients are saying  

Summer helped us through the buying/building process with our first house. Summer was great, she was able to help us get everything we wanted even when at first the builder said no. She was always on top of things and was even there to answer questions for us and tell us our rights when the builder didn't follow through with warranty work a year after we bought the house. I would definitely recommend Summer to anyone that is looking for a very knowledgeable & friendly real estate agent.

 

~ Trina S., Holly Springs, NC

Summer was so very patient with us in our search for a new home. We had a few limitations which made finding the right place a little difficult. We probably saw 50 houses. She did not pressure us in any way, but rather used each experience to further understand us and our needs. She is an excellent agent!

 

~ Kim R., Raleigh, NC

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