Categories: Real Estate

by Greg Diodati

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Categories: Real Estate

by Greg Diodati

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By scbhunt@aol.com (Bob Hunt)

Sometimes it happens that only one party in a real estate transaction is represented by an agent.  In such a situation it is important for the agent to make clear to the other party that he or she (the agent, that is) is not going to be acting as the agent of both.  If this doesn’t happen, it is pretty easy for the (actually) unrepresented party to come to believe that he or she is being represented too.  This can be the cause of problems down the road. …read more
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This article points out a very large potential liability for agents.  With the onset of the Internet and that fact that most Buyers find homes on their own without contacting an agent, I can see where this could be a source of potential liability if the Agent, representing the seller in this case, doesn’t make it abundantly clear the agency relationships.Source: Realty Times

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