Profile picture for Christine Pruger

Christine Pruger

Agent

REALTOR (4 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Short-Sale,
Consulting

Advice

  • (19 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

Should realtor be entitled to a 6% commission for introducing you to a builder

Response

"Call the sisters" brought up a good point, but I'd like to expand on what they said.  South Carolina Agency Law states that a Realtor is Required to provide you documentation of Agency Law and a meaningful explanation of it. That this should be done within upon first substantive contact. In this process the documentation would explain Dual Agency as well as the agent.  Second if the agent did in fact enter into a dual agency relationship with the builder and you, then you should have signed a dual agency agreement addendum upon signing of the contract.This is a serious issue, if the agency law has been violated the Broker MUST be notified as their license is at risk as well.  As a Realtor I know we sometimes get rushed but this is important, just as Fair Housing Guidelines are important.  Realtors often lose the trust of the public because they fail to explain laws and details.As for what the commission rate should be, Sherman Anti Trust laws prevent the setting of commission rates.  What you need to find out is if your rights have been violated, and why the agent is receiving the commission they are receiving.  Unless that Realtor is a specific agent to the Builder and therefore performing other responsibilities as a listing agent. 

  (0)
Does the county appraisal value matter if selling or leasing a home?

Answer

I can't tell you how many times I've had sellers tell me their home value is higher or lower than what I recommend as a list price.  FACT: In most counties across the United States you have the opportunity to challenge the "tax value" of your property, RARELY does a county assessor ever voluntarily drop the tax assessed value. FACT: As previously stated by others your home is only "worth" what a buyer is willing to pay for it.  If buyers are not willing to pay 38K above what you paid for the home, then the home is NOT worth that price.  

  (0)
I am paying cash. Is there a checklist of things I need to do?

Answer

In reviewing some of the answers I've seen a couple of items missing, depending on where you are buying.  Here at the beach we have started recommending a Mold Inspection now.  In addition, be aware of what title company is underwriting your policy. BE SURE that it is a REPUTABLE one that has been in business for some time, i.e. Chicago title.  Some attorneys set up their own title companies that go defunct later.

  (0)
Why are the prices not in phase with the realitors i talk to

Answer

I appreciate your frustration...in addition to wetdawgs response I would also like to add, properties are moving quickly in our area this month.  I've been in the trenches showing property all month and I can tell you many times there have been multiple offers or the offer comes in before I have a chance to show the property.If you want up to the minute listings you should have your Realtor set up an alert to notify you the moment they come online.  Good Luck!

  (0)
We are about to close escrow on a short sale purchase. The loan doc is ready for us to sign. But t

Answer

Depends on what the contract indicates, and your states laws about taking possession of the property. Your settlement attorney should be well versed on this type of issue, or at least aware of laws regarding eviction/taking possession.  I would get on the phone with them tonight, or contact their office in the am and discuss.  If you back out of the contract now my guess is that you will be held liable for "failing to perform" in accordance with the contract.  Some states have laws indicating that once the property transfer is recorded it's yours and anything in the dwelling becomes yours, and anyone still living in the dwelling can be removed.  But all of this is supposition, you need to speak with your attorney first thing in the morning.

  (0)
Bypass the Buyers Agent and Win!!!

Response

I do want to add though whether you use a buyers agent or not, you should ALWAYS educate yourself on buying a home or on making any large investment. 

  (0)
Bypass the Buyers Agent and Win!!!

Response

I do want to add though whether you use a buyers agent or not, you should ALWAYS educate yourself on buying a home or on making any large investment. 

  (0)