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All information presented on this site is from sources deemed reliable.  No warranty or representation is made by GENERAL REAL ESTATE.  Information is subject to errors, omissions, change of price or conditions, sale or withdrawal without notice.  Please report any errors to us.

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MEMBER OF THE FOLLOWING:

National Association of Realtors
NY State Association of Realtors
St. Lawrence County Board of Realtors
Northern Adirondack Board of Realtors
Graduate Realtor Institute
Real Estate Buyers Agent Council
Women's Council of Realtors

 

SELLER'S AGENT 

Simply put, a Seller's Agent represents the Seller.

Before you enter into a discussion with any real estate agent regarding a real estate transaction, you should understand what type of agency relationship you will have with that agent.  

New York State law requires real estate licensees who are acting as agents of buyers or sellers of property to advise the potential buyers or sellers with whom they work of the nature of their agency relationship and the rights and obligations it creates.

GENERAL REAL ESTATE will make sure you are provided with the information and you will be asked to sign a Disclosure regarding real estate agency relationships.

If you are interested in selling or leasing real property, you can engage a real estate agent as a seller's agent.  A seller's agent, including a listing agent under a listing agreement with the seller, acts solely on behalf of the seller.  You can authorize a seller's agent to do other things including hire subagents, broker's agents or work with other agents on a cooperative basis. A sub-agent is one who has agreed to work with the seller's agent often through a Multiple Listing Service.  A sub agent may work in a different real estate office.

A seller's agent has, without limitation, the following fiduciary duties to the seller:  reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and a duty to account.

The obligations of a seller's agent are also subject to any specific provisions set forth in an agreement between the agent and the seller.  In dealings with the buyer, a seller's agent should (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of property, except as otherwise provided by law.  

GENERAL REAL ESTATE can create a customized marketing plan for the sale of your property.

 

Simply put, a Buyer's Agent represents the Buyer.

Before you enter into a discussion with a real estate agent regarding a real estate transaction, you should understand what type of agency relationship you will have with that agent.  Unfortunately, most Buyers contact a real estate office, meet an agent, visit properties, purchase a property and never know that the real estate agent actually represents the seller, and not you, the buyer.  Unfortunately, many agents do not explain or require signatures on agency disclosure forms as required by law.   

New York State law requires real estate licensees who are acting as agents of buyers or sellers of property to advise the potential buyers or sellers with whom they work of the nature of their agency relationship and the rights and obligations it creates.

GENERAL REAL ESTATE will make sure that you have been provided with the information and you will be asked to sign a Disclosure regarding real estate agency relationships.

 

A real estate Buyer's Representative represents the buyer who is purchasing property in a real estate transaction.  The Buyer's Representative works for and owes fiduciary responsibilities to the real estate buyer and has the buyer's interests in mind throughout the entire real estate process.

If you are interested in buying or leasing real property, you can engage a real estate agent as a buyer's or tenant's agent.  A buyer's agent acts solely on behalf of the buyer.  You can authorize a buyer's agent to do other things including hire subagents, broker's agents or work with other agents such as seller's agents on a cooperative basis.  

A buyer's agent has, without limitation, the following fiduciary duties to the buyer:  reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and a duty to account.  

The obligations of a buyer's agent are also subject to any specific provisions set forth in an agreement between the agent and the buyer.

In dealings with the seller, a buyer's agent should (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the buyer's ability and/or willingness to perform a contract to acquire seller's property that are not consistent with the agent's fiduciary duties to the buyer.