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Coming Soon
Working With An Agent >Real Estate Agent Representation
Which party in a real estate transaction is represented by the real estate agent--the buyer or the seller? Until recently that question was never asked because the answer was always the same. Traditionally all the marketing professionals involved in real estate transactions were legally and ethically obligated to conduct business on behalf of the seller. They may have aided the buyer in certain situations, but their client was the seller. Today that is not necessarily the case.
In a time of increasing specialization, buyers can be represented by a real estate agent who functions solely as a buyer's broker. In this case, the sales professional helps the buyer locate a home, negotiate the price, and is responsible to the buyer only, for an agreed-upon fee or a percentage commission.
In any real estate transaction you have the right to know which party the real estate agent is representing.
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| Q |
What island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?
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| A |
Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan. |
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Ernest Schiavone
William Pitt Sotheby's Realty International Realty
232 Danbury Road
Wilton, CT 06897
203-858-5140
ernieschiavone@NUMBER1EXPERT.com
Our personal guarantee to you and your family:
"No High Pressure Sales Tactics".
We will inform and guide you through the entire buying and selling process. Please consider us a valued real estate resource for Fairfield & Westchester Counties.
Ernie is a member of the Greenwich & Westchester Board of Realtors. He is licensed in Connecticut and New York State.
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