Is their a form when you represent only seller, and non representation of buyer.
16,7817 answer(s)
About 6 months ago
I would use the TAR 1417 form Representation Disclosure to fully have it in writing that you are only representing one side. Ask you broker if you have questions about the form.
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DislikeAbout 4 years ago
When you meet any potential buyer and you have them initial the Information about Brokerage Services form, that clearly states that they are only represented by an agent if they sign Buyer/Tenant representation agreement. No other form is needed to clarify that point.
About 11 years ago
Listing agreement is a contract between the seller and agent, agent therefore represents the seller. The buyer can choose to be represented and if so the Broker can do a intermediary and assign another agent to represent the buyer. If the buyer chooses not to be represented, I suggest you give them the TAR 1506 General Information and notice to a Buyer.
About 11 years ago
Due to a lack of more details I'm not sure how to answer this. You represent a seller thru a listing agreement. The last page of the contract allows you to stipulate who you represent. If you are not the listing agent and you want to represent the seller than talk to your broker. You represent a buyer thru a buyers agreement whether verbal, in writing or implied. The main thing is to disclose who ever you represent and use the IBS form.
About 11 years ago
Hi Delores, yes the document is called the Listing agreement. There is a section of this agreement where you can allow or disallow your agent from representing any potential buyers of your home. That way, if you want your agent only representing you and not "both sides" , you can do this. I hope that helps. Feel free to contact me for more detailed information.
About 11 years ago
When an agent and seller enter into a listing agreement, the agent's brokerage represents the seller in the transaction. By choosing to NOT allow Intermediary, the seller is saying that same broker cannot represent the buyer. This really is not advised in most cases as you as a seller may be automatically eliminating a qualified buyer that has chosen to be represented by a buyer's agent from the same brokerage. As a seller, you may elect to do what you wish. Question your agent about intermediary and appointments
About 11 years ago
In Texas, by default, a real estate ALWAYS represents the seller.. No form needed. Talk to your Broker about how to handle this type of transaction.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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