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Steve Irwin
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Steve Irwin - Arizona Real Estate Broker
Steve Irwin - Arizona Real Estate Broker

252 followers
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Mountain retreat near Sedona AZ 7000 ft elevation and 300 ft above Stoneman Lake

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Local real estate professionals share their knowledge about Prescott's Haisley Homestead and Hidden Valley Ranch communities. Thank you Simon Fort and Terri Atkins.
https://youtu.be/J_1cxQlLlsA

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Season 1 Episode 1 - Pilot. Prescott Gallery of Home a online real estate magazine. Starring Simon Fort, Terri Atkins, and special guest Michele Wells from Prescott Lakes. Host by Steve Irwin and sponsored by ERA Real Estate Professionals 

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Our first episode of Prescott Gallery of Homes - an online real estate magazine. Featuring Prescott Lakes subdivision

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Kelly hall - agent profile video. 

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Prescott Lakes subdivision - Prescott Gallery of homes. Presented by ERA Real Estate Professionals, hosted Steve Irwin Broker owner and starring Kim Irwin, Simon Fort, and Terri Atkins from ERA Real Estate Professionals


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https://youtu.be/WalPK2X4yCI

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Buyers and sellers are often confused about the role of real estate agents, brokers, buyer’s agents and seller’s agent. Who does the agent represent and what is their real estate agency relationship. In Arizona, agents are required to inform buyers and sellers of the agency relationship a pond first delivery of real estate services.

Question: What are the Differences between a Real Estate Broker and an Agent?

To stand out in a crowd, some agents add titles after their names. They could be an associate, a real estate consultant, salesperson, or a REALTOR®, but they are all real estate agents. Real estate brokers can work as agents but agents cannot work as a real estate broker without a broker's license.

Agents who give real estate advice must have a real estate license. Most states maintain an online site where consumers can look up an agent's name, get a license number and check on violations filed against an agent. In Arizona anyone can go to http://www.AZRE.gov to licensure information.

Here are definitions of the various types of real estate agents that you are likely to encounter:

What is a Real Estate Broker?

A real estate broker is a step above a real estate agent. A broker generally has more education than an agent, but not always. In Arizona, for example, a broker's license is required to work by yourself. Agents have to work for brokers, but a broker can run his/her own business.

What is a Broker Associate?

A broker associate is a real estate broker who works for another real estate broker. Although the broker could work for himself / herself, many choose to join a larger real estate network.

What is a Real Estate Agent?

Agents are licensed salespersons. They are not real estate brokers. A real estate agent must work for an employing broker and cannot work independently. Brokers are responsible for their real estate agents' actions.

A REALTOR® can be a real estate broker or a real estate agent. It is a title that means the individual belongs to the National Association of REALTORS® (NAR), subscribes to its extensive Code of Ethics and pays annual dues. Not every real estate agent belongs to NAR. Members of NAR also belong to state and local trade associations. Complaints against a REALTOR® can be filed with the local board.

What is a Listing Agent?

Listing agents are also known as seller's agents because they represent the seller only. A listing agent can be a real estate broker or a real estate agent. These types of agents owe a fiduciary responsibility to the seller under a listing agreement and must protect their interest. FYI - Subdivision Sales Office Agents only represent the Developer/ Builder only. I strongly recommend hiring a buyer's agent if you are considering buying a new build.

What is a Buyer's Agent?

A buyer's agent is known as a selling agent (not to be confused with a seller's agent), a buying agent or, in some states, an exclusive buyer's agent. Exclusive buyer's agents never work for sellers. Many agents, however, work with both sellers and buyers, although not usually in the same transaction. Buyer's agents may or may not require a buyer to sign a buyer's broker agreement, depending on local custom.

What is a Dual Agent?

Agents enter dual agency when they represent both the seller and the buyer. Dual agency can happen even if the there are two agents involved -- a listing agent and a buyer's agent -- if both agents work for the same broker. That's because it is the real estate broker who creates agency. Dual agency is not legal in all 50 states.

Buyers and sellers are often confused about the role of real estate agents, whom the agents represent and real estate agency relationships. In Arizona, agents are required inform buyers and sellers of the agency relationship a pond first delivery of real estate services.

When you ask a buyer's agent to show you property, you are implying that you will eventually write an offer through that buyer's agent.

If you have no intention of ever writing an offer with that buyer's agent, you are taking advantage of that agent.
Therefore, if you ask an agent to spend weekends driving you around, sharing knowledge and helping you to select a home, it is only fair to be loyal to that agent.

How much is the Buyer's Agent Commission?

Unless the buyer has elected to personally compensate her agent, buyer's agents are paid from their broker who receives the commission from the listing broker. The real estate commission is predetermined by the seller in the listing agreement.

Why Buyer's Agents Ask for a Buyer Broker Contract?

A buyer broker contract is an agreement between the buyer and the buyer's agent. I use the exclusive buyer broker agreement that binds the buyer's agent to you and you to that buyer's agent. You cannot buy a property without owing a commission to that agent, even if the agent did not write your offer.

Agents who want to ensure that they have a legal and binding agreement that allows them to represent a buyer exclusively, and be paid for their efforts, will ask a buyer to sign an exclusive buyer broker agreement.

Buyers who hesitate to sign an exclusive buyer broker agreement with me, for example, are saying they don't care if I get paid, so I don't work with them. I work with buyers who agree that I will get paid. I'm no different than any other agent in that regard. Which is why I don’t blame your buyer’s agent for refusing to continue to show properties without a guarantee of compensation?

I hope this short article is helpful to buyers and sellers when they consider working with a buyers/sellers agent.

I am available anytime for comments and information about the local Prescott AZ real estate market at
steve@irwinrealtors.com or by phone at (928) 710-8257.

Visit me online at http://irwinrealtors.com


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