| Molstad
Realty Ltd. offer a full “co-operation service”to
our clients and customers.
What does this mean to you?
As a prospective Buyer, you can view any and
all Listed properties with the ONE Realtor of your choice.
This allows you to build a relationship with ONE Realtor versus
having to deal with a Sales Representative from each office
or the Listing Sales Person of each property. When calling
your Realtor of choice, please be sure to ask for them by
name as to avoid confusion.
As a Seller, when you LIST your property with
a local Real Estate Company through One of their Realtors,
you have hired ALL of the local Realtor’s to sell it!
If you do not know a Realtor, you may want to ask your family
and friends for their opinion based on their Real Estate experiences.
How does a Realtor get paid? The Realtor (s)
involved in the “Listing” and “Selling”
of a property are paid a commission, by the Seller, from the
proceeds of a successful sale.
In real estate, there are different
possible forms of agency relationships:
1 . Seller Representation-
When a Real Estate brokerage represents a seller, it must
do what is best for the seller of the property. A written
contract called a listing agreement establishes this relationship
and explains the services provided by the company for a fee
as well as the obligations a seller may have.
2. Buyer Representation
- A real estate company acting as a buyer must do what is
best for the buyer. A written contract called a buyer representation
agreement, creates a agency relationship between the buyer
and the brokerage, and establishes buyer representation. It
also explains services the brokerage will provide, establishes
a fee arrangement for the Realtor's services and specifies
what obligations a buyer may have.
Typically, the buyer will be obligated to
work exclusively with that brokerage for a period of time.
3. Multiple representation -
Occasionally a real estate company will represent both the
buyer and seller. The buyer and seller must consent to this
arrangement in writing. Under this multiple representation
arrangement, the brokerage must do what is best for both the
buyer and seller.
4. Customer Service - A real estate brokerage
may provide services to buyers and sellers without creating
buyer or seller representation. This is called "customer
service"
Under this arrangement, the brokerage an provide
many valuable services in a fair and honest manner. This relationship
can be set out in a buyer or seller customer service agreement
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