agency in real estate
An online newsletter I received this morning contained a synopsis of an ethics case that was interesting not because of things a Sacramento Realtor cannot say about a listing but because of the things the Realtor did not say. I am very cognizant that at all times a Sacramento Realtor who represents the seller has established a fiduciary relationship, which results in a legal duty to the seller.
Solely seeking seller representation makes my job easy, because I focus on my sellers. I have a duty to treat the buyer fairly, but my alliance is aligned with the seller. This means when a buyer’s agent asks: Is there wiggle room in your listing, I might reply they can pay more than list price.
Just because I deal honestly with other people doesn’t always mean people will deal honestly with me, and I can live with that. I can’t change other people; I can only change myself, but I have to really want to change, ha, ha, little joke. I mean, what other business in the world can you be in that involves working with other people without a contract or guarantee that you’ll ever get paid? Apart from the state of California, I mean. The real estate business is an odd duck.