Why Its Important To Have The Right Real Estate Transaction Lawyer

real estate attorneys article

usa, north america, world

You may face a situation where the same person represents both the buyer and the seller, or it may be two different agents whowork for the same real estate company. You must be informed of the conflicts of interest that exist in this situation and both the buyer and seller must agree to the arrangement. This type of arrangement may be acceptable if you do not need the assistance of a real estate agent in the transaction; but, if you do, it may be to your advantage to reject the arrangement.

Before you disclose any information to a real estate agent, be advised that unless you select an agency relationship by signing a written agreement providing for such a relationship, the real estate agent is NOT REPRESENTING YOU. In Pennsylvania, a business relationship of any kind will NOT be presumed but must be established between the consumer and the agent.

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