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Realtor Questions

Who is a realtor?

A realtor is a person that acts as a middle person between sellers and buyers of real estate property. A realtor tries to find those who want to sell and those who want to buy.

If I have an agreement with a realtor to sell my property but I end up selling to somebody I know that had no contract with the broker, am I required to pay a fee to the realtor? < /h2> You signed a listing with the realtor which will require you to pay the commission to the realtor unless you specifically excluded this person from the agreement specifically. Given that there was no co-broker to be paid, it is likely that the realtor would agree that the co-fee is not payable, but you would still owe the primary commission from your listing agreement.

Can a realtor post a for sale sign on a home before it is listed? There is no listing agreement and the home is not listed on MLS, realtor website or anywhere else online.

An owner of a property does not have to list the property anywhere to legally put up a for sale sign in front of their house. As long as the sign does not interfere with your rights as a tenant to have quiet enjoyment of the property then there is nothing illegal about the for sale sign. If you have a written lease agreement, the landlord can sell the house subject to the lease agreement.

Can an individual be the realtor, mortgage loan originator and homeowner’s insurance agent for a single real estate transaction?

Realtor responsibilities would include providing an agreement between the realtor and the seller or buyer. Therein the mortgage loan originator and homeowner’s insurance agent would also have to have an agreement with that individual. So If as all three of those separate agreements are presented and signed then there is no reason why you could not provide all of the services. There are no laws denying the bundling of services.

If you are a realtor and listed a property, can you bid on the property you listed? What is the realtor laws concerning this?

You can bid on it only with a full disclosure and consent from the seller. Without the full disclosure and consent it would be a conflict of interest and the seller could have legal grounds for breach of fiduciary duty.

If you have a verbal agreement through a realtor to sell your house but have not signed anything, can you change your mind?

A verbal agreement with a realtor to act as your listing agent is not valid until both you and the realtor have a signed agreement. Additionally a verbal agreement with your realtor regarding an offer on your home is also not valid until the agreement is in writing and accepted by you in writing with your signature.

Having the right information and understanding of realtor law can help when dealing with questions regarding your realty concerns. Experts can help answer questions about realtor law or realtor problems. Get the answers fast and affordably by asking an Expert online.

Ask a Real Estate Lawyer

Tina
Tina, Lawyer
Category: General
Satisfied Customers: 5379
Experience:  17 years of legal experience including real estate law.
4460311
Type Your Real Estate Law Question Here...
characters left:
7 Real Estate Lawyers are Online Now

How JustAnswer Works:

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    Ask follow up questions if you need to.
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Real Estate Lawyers are online & ready to help you now

Tina
Lawyer
Satisfied Customers: 4813
16 years of legal experience including real estate law.
Law Pro
Lawyer
Satisfied Customers: 6227
20 years extensive experience in real estate law, foreclosure, finance, and landlord tenant law.
Barrister
Lawyer
Satisfied Customers: 4966
13 years real estate, Realtor. Landlord 24+ years

Recent Realtor Questions

  • I purchased a 20 acre piece of property with a cabin. When

    I purchased a 20 acre piece of property with a cabin. When I went to put a new pump in the well it wouldn't produce. Since then have learned from the well driller that the seller of this property pulled him off at 300 ft, thus a well that has never produced water. When I confronted the realitor he could not produce a signed copy (from me) of the discloser. I never got one to sign. What does Wa. State Laws have to say about this. The realitor admitted that he screwed up. I need water so what are my options. Joe
  • Sale of home in Sykesville, MD in June, 2013. Buyers have

    Sale of home in Sykesville, MD in June, 2013. Buyers have filed suit against us, the sellers, and also the home inspector and his company after discovering "several material defects on/at/of the property" after settlement. We, the sellers declined a request for Mediation in March, 2014, for reasons including distance (we relocated to Georgia) and we attested that we had no knowledge of any of the issues the buyers are claiming we failed to disclose prior to settlement. The buyer's home inspector also failed to discover/disclose any of these defects. Do I need a Real Estate Lawyer in Maryland. What steps do I need to take to defend ourselves?
  • I'm in contract for selling a house. Question. The banks

    I'm in contract for selling a house. Question. The banks appraiser came in at the sales price, but the comps. he used were higher, even after the adjusted sales price for comparables. If I can show through another appraiser that the house was undervalued in his report do I have recourse to stop the sale. Thanks.
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