As a working agent I see times when a client is eager to blame me or another agent they previously worked with for not letting them know about certain properties, or numerous reasons.
So when is it ok to blame your Realtor?
Well when that that Realtor does not live up to their fiduciary responsibility.
what is Fiduciary responsibility? see below for a complete description.
A buyer might find a property and make an offer way to low and it not be accepted, or a buyer might make an offer and somehow find out they could of offered less and been accepted, is it right to blame your agent? No, as your agent I cannot tell you what and what not to offer, I can merely offer suggestions and advice based on my professional experience on how to proceed in your offer.
A seller sells their house for less then the asking price and later finds out if they would of waited a little longer there was a buyer willing to pay that asking price? No again as your agent I will present an offer that has been made on your property. You will have the choice of accepting or rejecting the offer or countering with different terms.
A buyer buys a house and finds out that the neighbors are difficult to get along with. Can they blame the agent for showing them a house where there were difficult neighbors? No again, as an agent I am not a private investigator to determine the temperament of a neighborhood. When seriously considering a house you can ask the neighbors what the neighborhood is like and possibly make a fair judgement on what the neighborhood might be like.
FIDUCIARY: In real estate, securities and, I submit, in insurance as well, your agent owes you a fiduciary obligation in performing their duties for you. The duties include: 1. Utmost Care- The agent is bound to the higher standard of a professional in the field which extends the standard of duty to investigate within the means of the profession, to ensure the maximum protection and information be provided the principal. 2. Integrity- Defined as the soundness of moral principle and character. It means the agent must act with fidelity and honesty 3. "Honesty and Duty of Full Disclosure" of all material facts, either known, within the knowledge of or reasonably discoverable by the agent which could influence in any way the principal's decisions, actions or willingness to enter into a transaction 4. Loyalty- An obligation to refrain from acquiring any interest adverse to that of a principal without full and complete disclosure of all material facts and obtaining the principal's informed consent. This precludes the agent from personally benefitting from secret profits, competing with the principal or obtaining an advantage from the agency for personal benefit of any kind.
5. Duty of Good Faith- includes total truthfulness, absolute integrity and total fidelity to the principal's interest. The duty of good faith prohibits any advantage over the principal obtained by the slightest misrepresentation, concealment, threat or adverse pressure of any kind.
At that point if the agent has not performed any of these actions it is rightful to point a finger and blame, but better yet find yourself a new agent.
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