Are you thinking about moving to Greenville South Carolina? Join me alongside attorney Bradley Richardson, as we explore the new real estate law and how it will affect your property deals. Curious about the legal documents and implications of HIRING AN AGENT TO REPRESENT YOU AS A BUYER?
A Consumer can sign the Buyer Agency Contract and become a CLIENT. In this instance, a buyer receives counsel as well strategies for writing the offer that will secure the safest and most profitable purchase.The agent will also execute the steps within the contract and inform and facilitate the actions of specific parties like the inspectors, mortgage lender, attorney, etc. An agent in this type of relationship can also make recommendations and offer advice as issues may develop during the process. In this agreement, either the Buyer or Seller (or Buyer AND Seller) can pay the Buyer Agent's commission fee.
A Consumer can also sign a Transaction Brokerage Agreement and choose to be an UNREPRESENTED CUSTOMER. In this instance, the agent is ONLY A SCRIBE for writing the contract and cannot offer client level services which include but are not limited to recommendations on offers terms, interpretation of market data and research, suggestions for best practices like certain inspections ideal for the subject property, facilitation of transaction steps and coordination with inspectors, lenders, attorneys, etc. In this instance, the buyer assumes all risk, and there generally is no fee for this service as the agent often works exclusively for the seller and their best interest.
To learn more, REVIEW THE DOCUMENTS HERE: drive.google.com/drive/folders/1CTUi6rEcSSz4FeD3eKzIl6ZajzAcq6ob
If you’re thinking about moving to Greenville South Carolina be sure to give me a call, shoot me a text, send me an email, or schedule a Zoom call. I’d love to help you make a smooth move to Greenville South Carolina!
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00:00 - Intro to New Real Estate Law: How Will It Affect Your Property Deals
03:04 - NAR Settlement in South Carolina Real Estate
03:23 - What Have You Heard from Consumers and Agents About These South Carolina Real Estate Changes
04:02 - Why Was There a Lawsuit in the Real Estate Scene
07:01 - Price Fixing in South Carolina Real Estate
11:05 - Verbal Negotiating in Real Estate Deals
18:44 - Unrepresented Buyer in the South Carolina Real Estate Market
21:42 - Is It Risky for a Buyer to Be Unrepresented in South Carolina Real Estate
25:26 - Dual Agency in South Carolina Real Estate
26:20 - Do You Recommend Dual Agency in South Carolina Real Estate Transactions
29:22 - When Not to Cut Out the Middleman (Agent) in South Carolina Real Estate
36:13 - Do I Have to Pay Commission in South Carolina Real Estate Deals
42:02 - Steering in South Carolina Real Estate
46:19 - Compensation Agreement Signed in South Carolina Real Estate
49:57 - A Seller in South Carolina Real Estate Is Going to Look at All Terms
55:46 - You Don't Have to Be in This South Carolina Home Forever
01:00:13 - People Always Have an Opportunity to Change Their Positions
01:02:43 - Wrap Up to New Real Estate Law: How Will It Affect Your Property Deals
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🤔Thinking of Moving to Greenville South Carolina?
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