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Welcome > Resources > Ask Anything ...

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Working With An Agent >An Agents Role

Recent reforms in the disclosure laws and real estate practices around the country have resulted in new options for buyers and sellers. Real estate agents can take different roles with buyers and sellers.

A seller's agent works with loyalty and fidelity as the seller's advocate and negotiator, and is obligated to disclose to potential buyers all adverse material facts that are known about the property.

A buyer's agent works exclusively to negotiate the lowest purchase price and best terms for the buyer. This agent serves the buyer with undivided loyalty, confidentiality, and full disclosure. The agent would know the highest price that the buyer would be willing to offer for a home, but could not disclose that information to the seller.

A dual agent can work for both the buyer and the seller by written, informed consent of both parties and has fiduciary obligations to both. The agent can only disclose to one party what the other party allows to be revealed.

A transaction broker assists the buyer or seller or both throughout a real estate transaction without being an agent or advocate for any of the parties.

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Q	What criteria determines the hottest real estate markets?
A	Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale.
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Wolf Run Realty, REALTOR®, real estate agent and broker for Northern Virginia, Fairfax Station and Clifton, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Lenahan
Wolf Run Realty
12644 Chapel Road
Clifton, VA 20124
www.WolfRunRealty.com
Phone: 703-283-7328
Fax: 703-997-8933
Email: DLenahan@WolfRunRealty.com
Email: DLenahan@TheWolfRunGroup.com
NVAR & PWAR Million Dollar Sales Club, Lifetime Top Producer, serving my clients in Northern Virginia, Clifton, Fairfax Station, Arlington, and Alexandria for over 12 years, and Belmont Bay in Woodbridge since 2005.

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