Representation! When buying or selling real estate it is very important that you understand the different types of representation. Your REALTOR®, at the very beginning of your relationship, should explain what this means.  However, if you have an understanding before then you will be even better prepared to make the right decision.

When I first began working in real estate, back in 1986, all REALTORS® represented the seller.  The agent working with the buyer was not representing the buyer.  Rather, they were sub-agents to the seller’s agent.  Soon after, buyer’s representation began to creep into the way we did business.

Buyer representation was resisted initially by some agents as it meant a change in the way they were accustomed to doing business.  Others embraced it readily as it really reflected the way they would prefer to work with buyers.  This meant that they were no longer sub-agents for the seller.  Instead they were legally and ethically able to advise buyers on price and other negoitation factors vital to a contract.

Be sure when working with a REALTOR®whether you are buying or selling, that you fully understand the role your agent will be performing.  You are the one that makes that deterination.  You select the type of representation you want.  The choice is absolutely yours, not the agents.  Make sure it is what is in your best interest.

If you would like to learn more about the types of representation you may select in a real estate transaction I would be more than happy to provide you with that information.