RE/MAX Associates Plus
Merry Dahms, Judi Chapnick, and Mary Walls
want to assist you with all of your home buying or selling needs!
Please call our office at (314) 727-8008
Before you begin………
AGENCY LAW – WHO REPRESENTS WHOM?
In the past, in a routine real estate transaction, real estate agents normally represented the party who had signed an agreement with them to market their home, i.e. the Seller. It is important that you, as a purchaser of real-estate, fully understand that, in the past, all Realtors legally represented the seller and protected the seller’s best interests at all times. In the past, Realtors had a responsibility to you to be honest and ethical in presenting property to you and were required to divulge all KNOWN facts and defects about a property in order for you to make an intelligent buying decision. However, at no time could they give you any information detrimental to the seller, and they were to pass on to the seller any information they had about you, such as your willingness to pay more for a property than your offer indicates.
Today, Missouri law requires that you enter into a written agreement with your Agent to have him or her act on your behalf, or at the very least, acknowledge that you have read documents explaining the difference between Seller’s Agency, Buyer’s Agency, and Dual Agency.
In our business we choose to offer Buyer Representation, and will specifically represent you, as our client, in the buying process, if you wish. As a member of the Real Estate Buyer Agent Council (REBAC), we are skilled in providing excellent representation for buyers. The law requires that we have a written agreement, stating our mutual obligations. Under such an agreement, we have a legal duty to divulge to all parties that we are working under a “buyer agency” agreement. Under such an agreement, your interests will be represented. Costs are typically paid from the sellers’ funds at closing.
*Missouri Real Estate Law requires that both buyers and sellers of real estate sign an Agency Disclosure Form.*
***FAIR HOUSING AND THE LAW***
It is very simple. RE/MAX Associates and their associates do not discriminate in any way involving the listing and/or sale of real estate. Prospective purchasers who are financially qualified to look at properties will be shown properties regardless of race, color, religion, sex, age, familial status, handicap, etc.