Be Careful What you Say to Real Estate Agents
Here is a friendly reminder to people as they go out and tour homes at open houses - The agent working at an open house is in contract to look out for the best interests of the seller. If you tell them information and it is pertinent to their sellers, do you think they are going to withhold it on your behalf?
Things to consider when going through open houses:
1) When an agent asks you if you are working with another agent, you should say "Yes." It'll keep them off your back. If they ask who, just give them my name.
2) Any time that substantive contact is made, price and terms are starting to be discussed, an agent is required by law to go over Agency Relationships in Real Estate Transactions with you. It is a breakdown of the roles that real estate agents/brokers perform as it pertains to residential real estate transactions.
More questions? You should hire your own buyer's broker to work on your behalf. Its generally paid for out of the sellers gains at closing.
Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud, MN
http://JasonTangen.EdinaRealty.com - Search open houses in St Cloud, Sartell, and Sauk Rapids, MN
http://StCloudEdina.com/blog - Real Answers for Real Estate in St Cloud MN
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