Will You Add? - Real Estate

Homeowners Insurance
Your home is generally your greatest asset and one that you can’t afford to loose so make sure you don’t skimp on your homeowners insurance.Unlike car insurance it is not illegal to own a home without taking out homeowners insurance but if your home is financed in any way by a third party lender then the likelihood is that you will have to take out homeowners insurance at least to cover the building.Homeowners insurance is normally split into two basic categories, buildings and contents. Some people take the risk and don’t take out any insurance against

Why Have Multiple Streams Of Income
Multiple streams of income is something each person or family should be striving for. It really gives you a better sense of security should any trouble arise. What it means is having more than one place where you are earning income. If the one source of money goes away, then you will still have another source. I recommend trying to get at least 5 sources of income as soon as possible, and then gradually build it up to about 10. Each does not need to be much, maybe about $300 per month. Last time I checked, 10 x $300 is $3,000 per month. This would be pretty go

Real estate agency laws vary from state-to-state, but the principles are for the most part universal: agents must “elect” a form of agency when they begin working with a given client, and that election must be explicitly stated and acknowledged by their client. In Michigan, the state in which my company operates, every Realtor is legally required to have every client sign something entitled "Disclosure Regarding Real Estate Agency Relationships,” a document that specifies the nature of the agency relationship between the Realtor and their client.

Here is an overview of the different types of agency relationships that exist within real estate:
Seller's Agent
A seller's agent acts solely on behalf of the seller. Seller's agents have a fiduciary responsibility to disclose to the seller known information about the buyer which may be used to the benefit of the seller. The duties that a seller's agent owes to the seller include:
• Promoting the best interest of the seller
• Fully disclosing to the seller all facts that might affect or influence the seller's decision to accept an offer to purchase
• Keeping confidential the seller's motivations for selling
• Presenting all offers to the seller
• Disclosing the identities of all buyers and all information about the willingness of those buyers to complete the sale or to offer a higher price

Buyer’s Agent
A buyer's agent acts solely on behalf of the buyer. Buyer's agents have a fiduciary responsibility to disclose to the buyer known information about the seller which may be used to benefit the buyer. The duties that a buyer's agent owes to the buyer include:
• Promoting the best interest of the buyer
• Fully disclosing to the buyer all facts that might affect or influence the buyer's decision to tender an offer to purchase
• Keeping confidential the buyer's motivations for buying
• Presenting all offers on behalf of the buyer
• Disclosing to the buyer all information about the willingness of the seller to complete the sale or to accept a lower price

Disclosed Dual Agent
A real estate licensee can be the agent of both the seller and the buyer in a transaction, but only with the knowledge and informed consent, in writing, of both the seller and the buyer. In such a dual agency situation the licensee will not be able to disclose all known information to either the seller or the buyer. As a dual agent, the licensee will not be able to provide the full range of fiduciary duties to the seller or the buyer.

Transaction Coordinator
A transaction coordinator is a licensee who is not acting as an agent of either the seller or the buyer, yet is providing services to complete a real estate transaction. The transaction coordinator is not an agent for either party and therefore owes no fiduciary duty to either party. The transactional coordinator is not the advocate of either party and therefore has no obligation to negotiate for either party. The responsibilities of the transaction coordinator typically include:
• Providing access to and the showing of the property
• Providing access to market information
• Providing assistance in the preparation of a buy and sell agreement which reflects the terms of the parties' agreement
• Presenting a buy and sell agreement and any subsequent counter-offers
• Assisting all parties in underta

Grow Your Business With Outsourcing
It doesn't matter what kind of business you own. Whether you're making Internet content websites, selling affiliate products online, or running an EBay shopping site, as your business grows you will soon find yourself stuck between a rock and a hard spot.You see, a home or internet based business is almost always started as a solo operation. One person - you - is the only person available to do all the required work in your business. As that business grows though, you quickly find that you're not able to keep up. Then you're faced with a tough decision: Do you

ler's agent acts solely on behalf of the seller. Seller's agents have a fiduciary responsibility to disclose to the seller known information about the buyer which may be used to the benefit of the seller. The duties that a seller's agent owes to the seller include:
• Promoting the best interest of the seller
• Fully disclosing to the seller all facts that might affect or influence the seller's decision to accept an offer to purchase
• Keeping confidential the seller's motivations for selling
• Presenting all offers to the seller
• Disclosing the identities of all buyers and all information about the willingness of those buyers to complete the sale or to offer a higher price

Identity Theft's Young Victims: How to Protect Your Children's Identities
When we think of identity theft, children are probably not the first victims we might imagine. Unfortunately, more and more kids are being targeted for this crime, and the culprits may not be who you think. Right now, approximately 4% of all identity theft cases involve children, which means roughly 400,000 kids a year are having their futures ruined without their knowledge. (1)In an article on MSNBC.com, a 24-year old man explained that by the age of 10, his identity had been used to accumulate almost $250,000 in debt and to commit a felony. Another victim, a

offer a higher price

There are A Lot of Lists out There, Why is Craig's so Popular?
What is Craigslist?Craigslist is a website that was started in 1995 by a guy named - you guessed it - Craig. What began as a place for the residents of San Francisco to find what they need from each other (i.e. a job, a babysitter, a new dresser, a Buick) has since grown exponentially. With sites for all 50 states, 52 countries, and major cities all over the world, Craigslist is the ultimate, all encompassing 'classifieds' for anything you could possibly want that's up for grabs in your neighborhood.Why is Craigslist so popular

ete the sale or to accept a lower price

5 Tips for Designing an Effective Email Marketing Campaign
Email marketing is outpacing direct mail marketing as a means for generating interest and sales. According to ExactTarget, a leader in email marketing, fifty billion emails are dispatched per day worldwide and 88% of emails are considered spam. If you are using email campaigns as a marketing tactic, how can you get your messages to stand out from the crowd?The average person manages at least two if not more separate email accounts. Cleaning out the inbox is a chore that most people would like to do as quickly as possible. Even with junk filters, most peopl

a real estate transaction. The transaction coordinator is not an agent for either party and therefore owes no fiduciary duty to either party. The transactional coordinator is not the advocate of either party and therefore has no obligation to negotiate for either party. The responsibilities of the transaction coordinator typically include:
• Providing access to and the showing of the property
• Providing access to market information
• Providing assistance in the preparation of a buy and sell agreement which reflects the terms of the parties' agreement
• Presenting a buy and sell agreement and any subsequent counter-offers
• Assisting all parties in undertaking all steps necessary to carry out the agreement, such as the execution of documents, the obtaining of financing, the obtaining of inspections, etc.
Having said all that, here’s how it works in practice:
• 95%+ of the time, buyers are initially represented by agents functioning as buyer’s agents
• 99%+ of the time, sellers are initially represented by agents functioning as seller’s agents
• In situations where an agent ends up representing both buyer and seller in a single transaction, the parties usually have a discussion as to the agent’s agency affiliation. What happens MOST of the time is that the agent converts to a dual agency status, which both parties must acknowledge IN WRITING

I hope this helps further your understanding of real estate agency. For a more detailed discussion, please visit the Professional One Real Estate website. It is imperative that you fully understand exactly who your Realtor is representing BEFORE you enter into any negotiations involving real estate. What you don’t know can absolutely hurt you!

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.atriclecheck.com/article/133621/atriclecheck-Understanding-Real-Estate-Agency.html">Understanding Real Estate Agency</a>

BB link (for phorums):
[url=http://www.atriclecheck.com/article/133621/atriclecheck-Understanding-Real-Estate-Agency.html]Understanding Real Estate Agency[/url]

Business referrals are like the Holy Grail of marketing. By treating your current clients like gold you will receive many business referrals.

Alexa is an Amazon owned company that is famous for its public traffic ranking service via its alexa.com website. Website promotion guides often make a big deal about how to improve your Alexa ranking because a top position is often associated with high profits. As a new webmaster, you must understand a few very important points about Alexa’s service. This article will explain what the data collected by Alexa mean and then describe why you should care or not.

The article discusses all the relevant details of bad debt secured personal loan. What is basically bad debt secured personal loan, where and how you should search to find the best possible rates? For all this and lots more, read the article.

Tags

Links

Will You Add? - Understanding Real Estate Agency

Related Articles: