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The Roberta Stein Team, Inc.'S
BUYER SERVICES
(page 3)

DEFINITIONS OF REAL ESTATE
BROKERAGE RELATIONSHIPS

 SELLER'S AGENT*:

APPLIES TO SELLERS ONLY

A seller's agent works solely on behalf of the seller and owes duties to the seller which include the utmost good faith, loyalty and fidelity.  The agent will negotiate on behalf of and act as an advocate for the seller.  The seller is legally responsible for the actions of the agent when that agent is acting within the scope of the agency.  The agent must disclose to potential buyers or tenants all adverse material facts about the property actually known by the broker.  A separate written listing agreement is required which sets forth the duties and obligations of the parties.

BUYER'S AGENT*:

APPLIES TO BUYERS AND IS THE RECOMMENDED METHOD TO WORK WITH The Roberta Stein Team, Inc.

A buyer's agent works solely on behalf of the buyer and owes duties to the buyer which include the utmost good faith, loyalty and fidelity.  The agent will negotiate on behalf of an act as an advocate for the buyer.  The buyer is legally responsible for the actions of the agent when the agent is acting within the scope of the agency.  The agent must disclose to potential sellers all adverse material facts concerning the buyer's financial ability to perform the terms of the transaction and whether the buyer intends to occupy the property.  A separate written buyer agency agreement is required which sets forth the duties and obligations of the parties. (To find out how The Roberta Stein Team, Inc. as your Buyer's Agent can assist you, click here, now.)

TRANSACTION-BROKER*:

APPLIES TO BUYERS & SELLERS AND IS NOT NORMALLY USED BY The Roberta Stein Team, Inc.

A transaction broker assists the buyer or seller or both throughout a real estate transaction with communication, advice, negotiation, contracting and closing without being an agent or advocate for any of the parties.  A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about adverse material facts concerning a property or a buyer's financial ability to perform the term of a transaction and whether the buyer intends to occupy the property. No written agreement is required.

CUSTOMER*:

A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker as either an agent or a transaction-broker.

CLIENT*:

A client is a party to a real estate transaction with whom the broker has a brokerage relationship because such party has engaged or employed the broker as either an agent or a transaction-broker.

* For purposes of these definitions, buyer also means "tenant" and seller also means "landlord".

WHY USE A REAL ESTATE BUYER’S REPRESENTATIVE?

As a consumer, how often do you buy real estate property? Once, twice, three times in your lifetime? Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases the seller will be represented by an agent. Wouldn't you want to have complete and fair representation in the real estate transaction? 

The real estate buyer agent is responsible to protect their clients' best interests. Research by the NATIONAL ASSOCIATION OF REALTORS® has shown that when a buyer’s agent is used, the prospective buyer found their home one week faster and examined three more properties than those consumers who did not use a buyer’s agent. So, hire The Roberta Stein Team, Inc. today!

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