Realtor Guiding Principles

Guiding Principles – The standards we follow for buyer and seller representation.

Communicate early and often. Your Realtor® will explain how offers and counter offers will be handled, as well as the possibility of competing offers.
The Realtor® advises, but you decide. Decisions about terms, negotiations, and acceptance or rejection will be made by you. All offers must be communicated by your Realtor® who will keep you informed.
Offers and counter offers should always be in writing, to ensure that the terms, time frames and legal obligations of the parties are understood. Withdrawals of a written offer or counter offer should also be writing.
The seller decides whether the existence of an offer or competing offer is confidential. Disclosing that an offer has been made, or that an offer may be received, is not confidential information unless the seller asks the Realtor® to keep such information confidential.
A full price offer does not obligate the seller to accept the offer. Listing property for sale is an invitation from the seller for buyers to make offers. The seller is not obligated to sell the property even if a buyer makes a full price, cash offer.
No priority is given to offers. The first or highest offer made does not bind or otherwise limit the seller to act upon that offer before considering any other offers.
Realtor’s ® are NOT attorneys. If in doubt, seek legal counsel from a real estate attorney.

For other tips and information on buying and selling real estate, visit www.bostonresidentialre.com/real-estate-tips or feel free to contact me directly
at 617-595-5082.

Posted at 08/26/2011 02:01 PM by David Sampson

Categories: