Should your REALTOR be a friend?

If you’re 100% comfortable entering a business relationship with them, go for it! A good agent who is also a good friend “is going to work harder for you than any other agent you can hire,” Freund says. ” Not only will they work hard, but they may be better able to understand your specific needs.

Should I have my friend as my realtor?

If you think they really are a good agent, then offer to recommend them to friends (they’ll appreciate that). Real friends will respect your decision and not make you feel guilty about it. And so will any agent you’d want to do business with.

Can my friend be my Realtor?

But experts caution that hiring a friend as your real estate agent could backfire. “Realtors tend to be a social bunch,” says Jon Sterling, who manages a team of agents for Keller Williams Realty and specializes in working with real estate investors.

Can my boyfriend be my Realtor?

As long as you disclose your relationship and your status as a licensed agent or broker you’ll be in good shape.

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How do I tell my realtor I chose someone else?

During your scheduled call, tell your real estate agent you’ve chosen to work with someone else and thank them for their time. They may ask if you’ve signed an exclusivity agreement with someone else. You don’t need to disclose any other information if you don’t want to.

Is it wrong to sell to friends?

To sum it up: if you wouldn’t sell it to your brother-in-law, don’t sell it to your friend. And if you would sell it to either one, say so, and say clearly why you’re doing it. If it’s the right thing for your friend to buy, then it’s the right thing for you to sell – to your friend as much as to anyone else.

Can my brother be my Realtor?

Agents can represent a family member but they must disclose it upfront before an offer is placed. For Realtors®, this aspect is clearly specified in the Codes of Ethics.

Can a realtor sell a house to their spouse?

“The quick answer for this question is yes, it is legal to sell your home to your own spouse,” says real estate agent Fernando Morais of Triplemint in New York City. Often in a divorce, one party is instructed by the court to buy the other out.

How do you fire a Realtor that is a friend?

Step 2: If they try to convince you to stay, hear them out. However, if you’ve made up your mind to terminate the relationship, stay firm yet polite. There’s no need to let emotions flare up, especially if your real estate agent is a friend or acquaintance of someone you know. Step 3: Ask to end the listing agreement.

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Does Realtor have to disclose relationship to buyer?

The general rule is that if the real estate professional is related to the buyer or the seller of the property, he or she has to disclose the relationship in writing to all other parties to the purchase and sale agreement.

Do Realtors have conflict of interest?

If relatives of the agent are involved in a real estate transaction, there is a conflict of interest. In this case, the agent must disclose a personal interest in the property. Failure to do so is considered a contravention of the REALTORS® Code of Conduct.

What should I not tell a real estate agent?

Ross says there are three things you never need to disclose with your real estate agent:

  • Your income. “Agents only need to know how much you are qualified to borrow. …
  • How much you have in the bank. “This is for your lender to know, not your real estate agent,” he adds.
  • Your personal and professional relationships.

How do you politely say no to a realtor?

For these reasons, the best way to go about canceling a contract with a Realtor is to simply call the broker and explain your desire to end the contract with their agent. Many reputable brokers who wish to stay in your good graces (and with the community’s) will let you out of the contract.

How do you deal with an unethical realtor?

If you have a complaint against a licensed real estate agent or business, visit California DRE’s website for details on How To File A Complaint, or call the California DRE Public Information Line at (877) 373-4542.

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