Real estate brokers and their agents nationwide can find useful information in this book if they have ever wanted to act as a "Buyer's Agent". Even if they are already "Buyer's Agents", this book will be a handy reference tool for future business.
This book references law cases from over 25 states. Explanations of Agency Law; different types of Listing Agreements; the Duties owed to sellers, buyers and other agents are carefully explained in layman's language.
The advantages and disadvantages of being a Buyer's Agent are discussed, as well as, tips in limiting one's legal liability when acting as a Buyer's agent.
Dual agency is also covered, including the different types of situations when it can arise.
30 pages of Buyer's Agent Forms and Agreements are included as a valuable tool to any Buyer's Agent who wants to sign up clients and when negotiating Purchase Agreements.
The author, ALBERT J. VELARDE, has been an attorney since 1978. He is licensed to practice law in the states of Washington & New York, as well as, the District of Columbia. He is also admitted to practice law in several federal courts, including the U.S. Tax Court. He is also a licensed real estate associate broker. He has authored numerous books and taught real estate law courses at several colleges.
You'll learn how Agency Law affects Buyer's Agents and what your Responsibilities will be towards buyers, sellers and their agents. You'll also learn Tips on how to Promote yourself as a Buyer's Agent.
How to write up Buyer-Oriented addendums to Earnest Money Agreements which won't "kill the deal" will also be taught.
Sample Buyer Brokerage Retainer Agreements, Disclosure Addendums, and an Exclusive Buyer Broker Agreements are also included.
If nothing else, the 30 pages of forms and agreements should be worth the low price for this book!