Newburyport MA Real Estate Agent Services
As a home buyer or seller in Newburyport MA , you have the choice of hiring an agent to provide guidance and protect your interests. Simply meeting with an agent does not suggest that person is your buyer or seller agent. There is commonly an agreement formalizing the agency, the agent’s responsibilities, and your duties. Below are facts on Newburyport MA real estate agent services and why you should hire a Wellsco agent. All references to “agent” refer to buyer or seller agents.
Real Estate Agent Responsibilities
Federal real estate law requires that real estate agents perform specific duties to their clients after they enter into an agency relationship with that client.
Agents are responsible for keeping all of their client’s information confidential. They may not disclose anything about your business, financial or personal affairs or motivations unless specifically authorized by you to do so or ordered by a court of law to do so. This responsibility never goes away and extends beyond any closings or contracts.
Newburyport MA real estate agents are expected to have a fair amount of knowledge of real estate related topics and on the home buying and selling process, but they are not required to be experts in all real estate related fields (such as legal issues). For information outside of an agent’s knowledge base, real estate agents must take reasonable care in guiding clients to the proper resources.
Agents must accept and follow their clients instructions, as long as the requests do not break any laws or contracts. For example, sometimes clients may ask their agent to write a contract with terms that the agent does not agree with. Agents must complete those requests despite that differing opinions.
Agents must accurately keep track of the whereabouts of all funds pertaining to your transaction. This includes any deposits submitted and the release of such deposits.
Agents must keep their clients’ best interests ahead of any other individuals, including themselves. An agent’s earnings, particularly in competing offer situations, should not be a consideration and would be disloyal to clients. Confidentiality is also considered part of loyalty.
Agents must perform tasks and honor requests in a timely manner. This can sometimes be vital in multiple offer situations, so having an agent on your side will best protect your interests.
All real estate agents must disclose everything they know about a home,…often referred to as material facts. The responsibility to disclose also covers any facts or information that might influence a client’s decision about a home or affect a client’s negotiation position.
Newburyport MA Real Estate Agent Services and Why You Should Hire A Wellsco Agent
Hiring a Wellsco real estate agent has many benefits. Beyond the items above, our agents have an even more vital role of facilitating your interactions with other parties. The home buying and selling process can be very stressful and emotional. Having the influence of a person who has your best interest but is not emotionally involved can facilitate transactions and lead to desirable conclusions. This summarizes Newburyport MA Real Estate Agent Services and why you should hire John P. Wells of Wellsco, LLC.