Perhaps it’s different in the US, but in Canada, buyers are often warned the
fiduciary duty of any agent goes to the person paying the bill. So even though
the fee is split between the vendor’s agent and the buyer’s agent, both agents
owe their allegiance to the vendor.
Which is not to say they’re allowed to misrepresent facts.
73, kelly, ve4xt
Sent from my iPhone
> On Feb 8, 2018, at 05:51, Patrick Greenlee <patrick_g@windstream.net> wrote:
>
> It is important to understand that you as the buyer need a real estate agent
> who is legally bound to represent your interests not those of the seller.
> When an owner lists his property for sale with a real estate agent that agent
> is legally bound to represent the seller's best interests, N O T Y O U R
> S. You the buyer need someone "in your corner" who is legally bound to
> represent your best interests. Enter the buyer's agent.
>
> But how much will this cost? Nothing extra. The fee available to the
> seller's agent is split with your (buyer's) agent.
>
> My current home is on a 160 acre cattle ranch. I have no tower restrictions
> except with the FAA, no home owner's assoc. or other nonsense. My septic
> system was registered with the DEQ (Department of Environmental Quality.)
> Other than that there were no permits or inspections whatsoever.
>
> My buyer's agent was a retired academician, PhD entomologist, I met when cold
> calling real estate companies. We have been very close friends for going on
> 20 years now. Not your average real estate sales guy maybe but not all that
> unusual either in my experience. ...and oh by the way, he lived in a
> development where every home is on an acre or two and he had a free standing
> 100ft tower with a wind generator on it in his back yard. Free standing
> triangle tower with legs on 14 ft centers at ground level.
>
> Patrick NJ5G
>
>
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