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Are realtors not allowed to represent both the buyer+seller now? As in buyers NEED to have an agent as well? Or is it possible to conduct a sale with only a selling agent? |
unless things have changed i think there's a disclosure form that you sign that you're aware and ok with it no? |
Can a realtor represent themselves? |
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Yes, the Buyer can conduct a transaction through the listing agent, however the buyer would be an unrepresented party. This means that while the listing agent can print out the documentation for you (buyer) to write an offer, they will not give you any guidance/opinion/advice as to what you should put in the offer. This includes price, subject conditions, etc. On the flip side, the listing agent is still able to double-end the commission unless otherwise noted in the listing agreement. Quote:
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Is that why I see listings that mention the owner is a realtor? |
Realtors can't be a representing party to both buyer and seller because that's a huge conflict of interest. Why this was only recently changed is up to anyone's guess ($$$$$$$) If you're a buyer then there really is no reason to not have a realtor working on your behalf because nothing comes out of your pocket. That's why you're hearing more and more people talking about having buyer agents do a cash incentive kickback to you upon completion of your purchase. |
Double-ending still occurs. Just not as openly to get around the rules. It was often the only way that you could get a place. I wouldn't have been able to buy my place back in 2016 If I didn't use the sellers agent as my buyers agent. The agent was pretty much working against the seller (her client as well) so I could stay in the bidding process and she could get full commish. |
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Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc. |
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If they are included in the listing as features/fixtures, then your buddy's obligated to include them with the house. You can't switcheroo them with shittier ones after closing either. If he wants to keep them then I'd recommend that he have his realtor list them as exclusions to ensure there's no confusion down the line. Usually large appliances ARE listed features/fixtures: fridge, stove, dishwasher, clothes washer, dryer. Most buyers will assume these come with the house, so if you want to keep them I think it's important to mention that in the listing. |
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You state on the sales contract what is included as part of the sale. When I recently purchased a house one of the refrigerators was excluded as it was the tenant's. |
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Just a regular fridge or washer/dryer that can be unplugged and moved then maybe not. But, I think it's pretty standard for real estate agents to write a clause to include these when they draft the purchase contract for the buyers so always check what that states. |
To be on the safe side, note the make, model, colour and style of appliances for inclusions and exclusions into the purchcase agreement especially if the seller has noted an intention to swap or replace before closing. I've heard sellers doing switcheroos replacing top end appliances with basic units (although similar looking) because the buyers only put down fridge, stove, dishwasher. |
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The important thing is the contract doesn't say "it includes a dishwasher", it says "it includes the dishwasher you saw on Feb 14th" -Mark |
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How much is that washer/dryer worth? To add it to the things that need to be moved and storage cost imo isn't worth it. I'd just wait for the washer/dryer at the new place to breakdown and replace it with a new washer/dryer. |
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Also it's the fact it's in mint condition that is <1 year old. Literally barely used; hence, just wondering. |
I feel like this is a trivial problem you are describing. Why not just make that clear during the sale of the house that the seller wants to keep the appliances and is not part the sale? Then the buyer can take that into account before making their offer price. What you wrote in original post was "I suggested he move them to his new place as backup after house is sold" which seems like a scam against the buyer. |
It's a fraction of a percent in the grand scheme of things. Why anyone would make an issue out of this is just petty. Easy way out? How about including it in the damn price? :facepalm: |
Sorry if my buddy offends you guys sounding like some cheapo (he's just wondering and asked me (which I don't know jack all) since he is a noob). I forgot you guys on RS clear $250K annually and such are pocket change :troll: |
how would you feel if you were the buyer and the seller did that to you?...you dont need to know jack all...just put yourself in their shoes this isn't about making money its about morals and ethics here |
If it's written in the contract and both parties sign on the dotted line, then it's fair game. But if Euro7r's buddy tries to pull a fast one on the buyer, then that's pretty shady. In our recent TH purchase, all light fixtures were supposed to be included with the sale, but the seller took a ceiling light that was supposed to have stayed behind. I think I could've gone after her for it technically but I didn't bother since I was going to junk it anyway. |
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Lol, sounds like the plot to the Richard Pryor movie, "Moving". |
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