Real Estate Tips from Bob Rich-Importance of a Realtor

Essentially, three people are involved in a basic real estate transaction --- the seller, the Realtor, and the buyer. If one were to be singled out as the “key” person, it would be the Realtor.

The Realtor prepares the agreement of sale (the contract). The responsibility in doing this is much greater than many people realize. When making up the contract, the Realtor helps make decisions regarding the obligations and rights of the buyer and seller.

Although the Realtor is the agent of the seller, he or she must keep the protection of the buyer in mind. If the contract is not drawn up properly, there could be trouble --- expensive trouble! The Realtor, in a sense, makes the law that the seller and buyer have to follow. Therefore, the wording must be clear and understandable without any allowances for ambiguous statements.

Many consider the agreement of sale more important that the deed, because it determines what goes INTO the deed.