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Part Three

Ultimately, you get to decide what is more important: the broker or the company’s philosophy. If your Realtor’s® brokerage also takes listings, they will want to show you any of those listings that fit your parameters. If they didn’t do so, you might be upset later when you discover you never got to see what might have been the perfect home. When your Realtor® shows you a home where they or another broker in their firm represents the seller, you sometimes have “dual agency” as explained in Chapter 4. Dual agency is where one broker actually represents and advocates for both parties. There are lots of transactions done throughout the country using dual agency. With regards to in-house transactions only, designated agency can sometimes occur in New Mexico. The brokerage will appoint one broker to exclusively represent the buyer and another broker to exclusively represent the seller. This will be presented in writing to all parties involved. It can also take the form of dual representation where the brokerage is representing both buyer and seller as customers by means of a written agreement with each of them without creating dual agency. The buyer and the seller must consent to this relationship in writing. So when the contract establishing the relationship between you and your Realtor® is complete, it’s time to start looking for a home.

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Profile for Linda DeVlieg Real Estate

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

How to Make Your REALTOR Get You the Best Deal - Albuquerque, New Mexico edition  

A guide through the real estate purchasing process - co-authored by Linda DeVlieg and Ken Deshaies

Profile for lindadev