If your chosen path in real estate is that of a rebate agent, good for you. If you work for Redfish, Zap, Rebates-R-Us, that's just fine with me. If you choose to earn one-dollar (or whatever)...no problem here, it's okie dokie with me and the sellers I represent.
However, if you choose to sell one of my listings in which I am representing the seller please be advised of the following:
- You will be expected to follow the instructions on the MLS print out and call for an appointment to show the subject property yourself.
- You will be expected to actually show up for the appoint to show the property yourself.
- In the event your buyer is interested, you will be expected to write an offer yourself using the appropriate contract, that means the current form available, Residential Purchase Agreement (CAR) form.
- You will be expect to complete all required information for a fully executed purchase agreement.
- You will be expected to use all applicable disclosure forms that accompany your buyer's offer to purchase.
- You will be expected to present your offer (through me) if requested by the seller.
- You will be expected to show up for your buyer's physical inspection.
- You will be expect to facilitate the transaction from the buyer's side to maintain the timelines within the contract.
- In the event you choose to have a final walk-through you will be expected to be present while your buyer's are at the subject property.
- The buyer will be expect to close escrow on time as agreed up on the purchase agreement.
In the event you choose to represent a buyer based on the above guidelines you can expect the following from me as the listing broker representing a seller:
- You can expect a timely presentation of your buyer's offer to purchase.
- You can expect a complete and thorough evaluation of the offer based of the merits as presented..
- You can expect a timely response to your buyer's offer to purchase.
- You and your buyer can expect to receive current reports/disclosures (as applicable) in a timely manner. All reports and disclosure will be fully completed as required.
- You can expect me to attend scheduled appointments, appraisal, inspections, final walk-through to fully represent the seller.
- You and your buyer can expect to be held accountable to meet the time limits as set forth in the purchase contract.
- In the event your buyers have not met the times lines (within the contract) and signed off applicable contingencies, you can expect the seller to furnish a "Notice to Perform" and/or cancel the contract.
- 8. You can expect me (as listing broker) to do everything necessary to facilitate a timely closing from the seller's side of the transaction.
- You can expect the seller to be prepared to close escrow in a timely manner and provide possession to your buyers as agreed upon.
- Provided you follow the selling agent guidelines (listed above) you can expect a smooth, pleasant transaction. One where at closing the sellers still like the buyers and vice-versa.
As I said before, I'm happy to work with each and every co-operative agent. I'd just like to be sure you do your absolute best to represent your buyers to the best of your ability. All too many times I encountered too many unrepresented buyers not fully understanding the situation.
Oh one more thing, if you plan on receiving anycommission (as a co-op agent) you must be a member of the MLS (or co-operating MLS) since this is the offer of compensation. That real estate license in your wallet is just that,...not entitlement to a commission (I'm sure it's this way in most states) in our state.
Thank you in advance for your co-operation!
For the record this is written (as a primer) in response to multiple calls I've received on current listings. Listings that are easy to see and easy to show, vacant properties with a lockbox and lights on for night showings. Listings with unobstructed showing requirements and for some reason other agents are just too busy.