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Jim Casey REALTOR
Coleman & Sons
Real Estate
451 Main St.
Waltham, MA
02452
Phones:
Office: 781-894-7100
Mobile: 781-775-5937
Fax: 781-894-9707
E-mail: homes451@ix.netcom.com
www.WalthamHomesInfo.com
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Before you begin working with an agent it is important to understand that Massachusetts Law provides for different types of representation and broker/agent relationships for both buyers and sellers. Seller's Agent: A seller can engage the services of a real estate agent to sell his/her property. This agent, called the listing agent, is then the agent for the seller. This means that the real estate agent represents the seller. The agent must put the seller's interests first and negotiate for the best price and terms for the seller. The agent must, however, disclose any known material defects about the property to the buyer. Buyer's Agent: A buyer can engage the services of a real estate agent to purchase property. The real estate agent is then the agent for the buyer. The agent must put the buyer's interests first and negotiate for the best price and terms for the buyer. This means that the real estate agent represents the buyer, and of course that the agent must disclose any known material defects about the property to the buyer. Dual Agent: A real estate agent may act as a dual agent representing both the seller and buyer in a transaction but only with the express and informed written consent of both the seller and buyer. Written consent to dual agency must be obtained by the real estate agent prior to the execution of an offer to purchase a specific property. A dual agent shall be neutral with regard to any conflicting interests of the seller and buyer. Consequently a dual agent cannot satisfy fully the duties that would be offered by either a seller or buyer agent. A dual agent does, however, still owe a duty of confidentiality, must disclose any known material defects and accounting for funds. |