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Search "For Sale" Listings in ◊ Additional Buyer Resources
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Representation Provided the Home Buyer | Seller's Agent | Disclosed Dual Agent | Transaction Broker | Buyer's Agent |
Represents the Seller (or Builder). Works only for the Seller. May work with Buyers but does not represent them. Has a written listing agreement with the Seller. Obligated to try to sell their own listed properties. | Yes | No | No | No |
Works for both the Seller and the Home Buyer at the same time. Must obtain the informed written consent of both the Seller and the Buyer. | No | Yes | No | No |
Works with a Seller, a Home Buyer, or both in the sales transaction without representing anyone. Cannot promote the interests of one party over the other party to the transaction. Should provide a written agreement to any Seller. | No | No | Yes | No |
Represents only the Home Buyer. Works only for the Home Buyer. Provides a written buyer agency agreement to their Buyer client. | No | No | No | Yes |
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How to compare what your New Jersey Real Estate Agent can do for you. | ||||
Activities Performed for a Home Buyer | Seller's Agent | Disclosed Dual Agent | Transaction Broker | Buyer's Agent |
Provide basic facts about properties (seller's asking price, features, and amenities) and sources of financing. | Yes | Yes | Yes | Yes |
Show houses in the Multiple Listing Service. | Yes | Yes | Yes | Yes |
Submit a purchase offer and convey the Seller's response Back. | Yes | Yes | Yes | Yes |
Respond honestly and accurately to questions. | Yes | Yes | Yes | Yes |
Disclose material facts known about the property. | Yes | Yes | Yes | Yes |
Offer property without regard to race, creed, sex, religion, or national origin. | Yes | Yes | Yes | Yes |
Advise in choosing an attorney. | Yes | Yes | Yes | Yes |
Confirm needed correction/repairs have been completed. | Yes | Yes | Yes | Yes |
Accompany on a final walk-through inspection of the property. | Yes | Yes | Yes | Yes |
Tell the Seller everything they know about a House Buyer including their financial situation and motivation for buying. | Yes |
Depends, if Buyer agrees. | Yes | No |
Guarantee in a written agency agreement to represent and work only for the home buyer. | No | No | No | Yes |
Search for available properties, not just Multiple Listed properties, but also "For Sale By Owner", "For Sale By Developer/Builder", and sometimes even locate properties that are not yet on the market. | No | No | No | Yes |
Locate and show properties, pointing out not only strengths, but also weaknesses, potential problems, and factors that may impact resale of the property. | No | No | No | Yes |
Discuss the price the Seller is asking, the reason they might be selling, the price they paid, how long or how many times the property has been on the market, and any concessions (in price or terms) that the Seller may be willing to give up. | No | No | No | Yes |
Prepare an estimate of comparative market value for the property, and assist in developing an offering price. | No | No | No | Yes |
Review and interpret comparable property values. | No | No | No | Yes |
Advise regarding other offers on the property. | No | No | No | Yes |
Help determine the need for professional property inspections and any warranties. | No | No | No | Yes |
Identify any information detrimental to the Seller, or which might give an advantage to the Home Buyer. | No | No | No | Yes |
Consult throughout the entire negotiation process offering advice and information regarding counter offers. | No | No | No | Yes |
Negotiate only on behalf of the Home Buyer, be their advocate, and negotiate to get them the best deal in terms of price and terms. | No | No | No | Yes |
Supply financial information about neighborhood properties and value trends. | No | No | No | Yes |
Advise on the final walk-through inspection of the property. | No | No | No | Yes |
Attend the closing and represent the Home Buyer's best interests, as necessary. | No | No | No | Yes |
Keep everything the Home Buyer tell us absolutely confidential and work in the best interests of the Home Buyer. | No | No | No | Yes |