The Modern Living Home team often takes potential customers on a trial or considers consulting with buyers before closing a deal, as we believe it`s important for our customers to feel in agreement and understand that we have their best interest in mind. It is important that you are comfortable with the person who will help you in your real estate transaction. As soon as an agency contract is concluded, the buyer is exclusively responsible for collaborating with the broker, which is why it is important to take the time to meet in person and interview the real estate agent before signing. Home buyers are also willing to play their part in securing the documents and credits needed for their home purchase to be successful. In addition, home buyers are responsible for paying for any ordered inspections they have requested, whether or not they are buying the home. Your real estate agent will ask you to sign a brokerage contract from the buyer. In North Carolina, this is the standard form 201 established by the North Carolina Association of REALTORS®. The form changes almost years and an NC broker will make sure that he/she will check this document in detail before signing with you. The buyer`s agency contract must be signed in North Carolina before your broker makes an offer on your behalf, as it shows that they have the legal right to represent you in your real estate transaction. IT`S MORE COMPLICATED WHEN AGENTS PLAY A “DUAL” ROLE. A real estate agent or agency may not represent more than one party in the same transaction as with the knowledge and agreement of all the parties for whom the broker acts.
“Dual Agency” is most likely to arise when a buyer represented by a buyer`s agent wishes to purchase real estate listed by that agent`s company. A broker who is your agent is responsible not only for trading the best possible price for you, but also for protecting your financial information as well as any confidential information you share. Let`s take the example that you tell broker A that you would pay $US 300,000 for a home, but you`re not below a sales contract with them and then make a deal with another agent B, but make an offer of US$280,000. .