Carolina Plantations Real Estate Blog

Know Who and What Your Agent Represents

The North Carolina Real Estate Commission mandates that ALL licensed brokers disclose their “agency.”  What does this mean?  Each firm, including Carolina Plantations and all of its associates or “brokers” must disclose to you who they represent.  This is simply an interpretation of “keeping the best interests in mind” of the customer who has committed themselves to your firm and its goals that are specific for that client per the obligations.

Types of Agencies

  • Buyers Agent: Representation and the commitment to the “buyers” best interests are to be top priority.  “Duties to the Buyer” include loyalty, commitment, provide all material facts and use reasonable care and diligence for the decision process. 
  • Sellers Agent:  if you are selling you home, you will want to ensure that your agent has the same commitment to your goals, to sell your home, to provide the exceptional service and provide the most accurate information about your property. They must promote your best interests.
  • Dual Agent:  Meaning that the agent will do it best to represent both parties, acknowledge and disclose all information to both parties, so loyalty is to both the buyer and the seller.  This could be a situation where the firm holds the listing, and another agent in the firm represents you.  This still can work for both the seller and the buyer alike.

Real Estate AgentAll licensed brokers MUST disclose their agency relations prior to collecting information about your goals that may affect the condition of the purchase or the listing of the property.  It is imperative that you understand the commitment of your agent prior to exploring Brunswick County and all of its great real estate opportunities.

We at Carolina Plantations host both “buyers agents” and “sellers agents” in the transactions.  Many of you all looking to explore the many Master Planned Communities and Plantations will be teamed up with our expert buyers agents.  Please contact us at 910-755-7557 to learn more about buying and selling real estate in Brunswick County.

We invite you to preview the North Carolina Real Estate Commissions, ‘Working with Agents” Document.

http://www.ncrec.gov/pdf/brochures/workingwagents.pdf

Comments (Comment Moderation is enabled. Your comment will not appear until approved.)