Laramie, Wyoming Real Estate: Real Estate Agent Obligations

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Real Estate Agent with CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming

Is there an easier way to understand the Real Estate Brokerage Disclosure given to me by my agent?

No, not really.  I've  created the chart below to try to make if clearer.  However, if you still do not understand the Real Estate Brokerage Disclosure, then you should consult with an attorney before entering into any Real Estate relationships or contracts.

    agency explained chart

 

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Location:
Wyoming Albany County Laramie
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Tags:
laramie
wyoming
real estate
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representation
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Rainmaker
267,165
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

And it's the last one, confidentiality, that so many buyers fail to understand. They seem to assume that they have it guaranteed, when they don't. Great chart!

Feb 10, 2011 10:54 PM #1
Rainmaker
182,858
Brenda Whitman
CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming - Laramie, WY
Associate Broker, Laramie, Wyoming

Thanks, Liz!  I'd like to put in a link to the disclosure that we use, but it is a copyrighted document so this will have to do . . .

Feb 10, 2011 11:06 PM #2
Rainmaker
258,501
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

I can't tell you how many times I've been through that document with clients. Truthfully, I don't think any of them really understand agency and its implications. You do your best, get the signature, and move on...

Feb 10, 2011 11:14 PM #3
Rainmaker
182,858
Brenda Whitman
CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming - Laramie, WY
Associate Broker, Laramie, Wyoming

I know exactly what you mean, Tim! 

Feb 10, 2011 11:17 PM #4
Rainmaker
289,867
Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

you created this,  good stuff.  I'm sure that other agents appreciate your sharing!

Feb 11, 2011 01:57 AM #5
Rainmaker
183,764
Wanda Thomas
Montana Homestead Brokers, Broker, CRS, GRI, SFR, RN - Billings, MT
Billings Montana Real Estate

I think this is a great chart, and will probably help people understand "agency" better.  Well said (charted).

Feb 11, 2011 09:28 AM #6
Rainmaker
182,858
Brenda Whitman
CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming - Laramie, WY
Associate Broker, Laramie, Wyoming

Hi, Kate,  I hope so and of course, any feedback to make it better is welcome also!

Hello, Wanda!  It's a lot to read but I hope the differences in representation "jump out" more clearly . . .

Feb 11, 2011 11:03 AM #7
Ambassador
508,317
Pat Haddad
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel IN Real Estate Expert

Wow Brenda!!  I think you missed your calling.  This is excellent.  Now I can't wait to see how you do your market reports (which I am still not doing).  Think I will wait to see yours before starting to do mine!!  Hurry and post!!

Feb 16, 2011 07:52 PM #8
Rainmaker
182,858
Brenda Whitman
CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming - Laramie, WY
Associate Broker, Laramie, Wyoming

Thanks Pat!  Market reports are on my list of topics to tackle, too.  Though I am a little nervous about trying to sum it all up, so thanks for the encouragement!

Feb 16, 2011 09:50 PM #9
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Rainmaker
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Brenda Whitman

Associate Broker, Laramie, Wyoming
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