Why You Should Hire A Real Estate Broker

As a home buyer or home owner in Staten Island NY, you have the option of finding a real estate agent to provide support and protect your interests. Simply contacting an agent does not suggest that person is your buyer or seller agent. There is normally an agreement formalizing the agency, the agent's responsibilities, and your responsibilities. Below are important facts on Staten Island NY real estate broker assistance and why you should hire a real estate broker. All references to "agent" refer to buyer or seller agents.

Real Estate Broker Fiduciary

Federal real estate law mandates that agents provide specific duties to their clients after they enter into an agency relationship with that client.

Providing Confidentiality

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 requested by you to do so or ordered by a court of law to do so. This responsibility remains active forever and extends beyond any closings or contracts.

Care

Staten Island NY 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 expected to be experts in all real estate related fields (such as home inspections). For information outside of an agent's knowledge base, agents must take reasonable care in guiding clients to the proper experts.

Lawful Obedience

Agents must obey 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 an offer with terms that the agent does not agree with. Agents must abide by those requests despite that disagreement.

Accounting

Agents must accurately know the whereabouts of all monies pertaining to your transaction. This includes any deposits submitted and the release of such deposits.

Loyalty

Real Estate Agents must keep their clients' best interests ahead of all other parties, 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 a facet of loyalty.

Diligence

Agents must perform tasks and complete requests in a timely manner. This can sometimes be crucial in multiple offer situations, so having an agent on your side will best protect your interests.

Disclosure

All agents must disclose all known facts about a property,...often referred to as material facts. The responsibility to disclose also covers any facts or details that might influence a client's decision about a home or affect a client's negotiation position.

Staten Island NY Real Estate Broker Assistance - Why You Should Hire A Real Estate Broker

Hiring an agent has many benefits. Beyond the items above, agents have an even more vital role of controlling your interactions with other parties. The home buying and selling process can be very stressful and emotional. Having the advice of a person who has your best interest but is not emotionally involved can facilitate the process and lead to successful outcomes. This sums up Staten Island NY real estate broker assistance and why you should hire a real estate broker. Contact Gregory Diaz and Gina Guerriero at 718-408-1499 or gregdsells@aol.com for additional more information.