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Seller's Guide |
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 This inside know-how will help you make smart decisions every step of the way. The Players The Listing Appointment Buyers Influence Best First Impressions Showing Tips Contracting Your Property Get RealStar & Get Sold! |
RealStar's Home Sellers Guide is designed to help you understand the selling process. This inside know-how will help you make smart decisions every step of the way. Of course, this short guide cannot answer all your questions. For more specific answers to your individual situation we encourage you to consult your RealStar Sales Consultant. The Players The Seller is the owner, trustee or duly appointed representative wishing to sell real property. He/She is informed consumer who is aware that RealStar Sales Consultants will be able to market the home effectively, for the lowest fees, and obtain the highest sales price. A Listing Broker or Listing Agent is an individual real estate agent or broker working for the Brokerage firm whom the seller hires to represent the seller through a contract called a 'listing agreement'. By Illinois law the listing agent is working for the seller's best interest. The listing agent's 'due diligence' or fiduciary responsibility is to the seller. A Selling Agent/Broker is an individual real estate agent or broker working for the Brokerage firm broker who represents a buyer looking to lease, purchase or otherwise obtain real property. By Illinois law the buyer agent is working for the buyer's best interest. The buyer agent's 'due diligence' or fiduciary responsibility is to the buyer. In a 'Dual Agency' sale the listing broker also represents the buyer. The single broker or agent becomes a disclosed dual agent only with the consent of both buyer and seller. By Illinois law the disclosed dual agent is working for BOTH the Seller's AND the Buyer's best interest and can do so only with the knowledge and consent of both in writing. This situation actually puts the agent/broker in a vulnerable position as he/she must treat both parties equally and fairly and cannot disclose information about either party (or their situation) that may harm that person's postition. Many less experienced agents avoid this situation just because of the liability it presents them with. |
