If you are working with a buyer agent, then it’s always necessary to conduct all your dealings with a written agreement regarding any sale agreements, contract papers or even real estate listings. If you have all your business dealings well documented and you are secure to conduct any real estate dealings with him provided that you have proof.
Even if he decides to make you an offer to buy a particular property, the agent must receive a written agreement with the agency writing the offer. If you do not document all the relevant documentation about real estate listings, in particular, you can no longer have the authenticity or prove that any formal meeting or business dealing has been conducted.
Keeping Confidential Information
For long as it represents and helps you to conduct dealings, it is always needed to keep confidential information in a documented form. Be sure to read and understand agency contracts before signing pertaining to any legal contract, documents or real estate listings. Once you have signed it, the real estate agent must make a copy of it for record keeping.
Knowing About Written Agreements
If you have a written agreement in form of real estate listings, the real estate Colorado agent must provide a number of services for you. This may include
- Finding a suitable property
- Organizing financing
- Learning and inquiring about property
- Promote your best interest
With your written agreement, the agent can also help you prepare and a written offer. A real estate agent can be paid in different ways. For example, you can pay the agent from your own pocket or the agent can demand a certain compensation. Make sure that you do have a clearing agreement with the buyer agent to have proof that you have paid for his/her services.
It should also be previously established in a purchase contract with a purchase offer. Make sure that you read it carefully and understand all the particulars.
Authorization and Representation
You can authorize a real estate agent or a company to represent you and your seller at the same time. This “double agency relationship” is likely to happen if you are interested in Colorado real estate listings with the buyer real estate agent or real estate agent. If that happens and you do not agree with the purchasing agency (in writing or verbally) then with the help of an agreement, you can validate your terms.
Your buyer will ask you to change the document, accept an agency agreement or sign a separate agreement. If the buyer and seller are interested so they must treat the agreement fair and square.