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If you have any questions, contact Gary Maglinger, Principal Broker, REMAX Professional Realty Group, 270-926-8900 or garymaglinger@gmail.com.
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CONSUMER GUIDE TO AGENCY RELATIONSHIPS
RE/MAX® Professional Realty Group 3000 Alvey Park Drive West , Owensboro, Kentucky 42303
We are pleased you have selected RE/MAX® Professional Realty Group to help
you with your real estate needs. Whether you are selling, buying or leasing real
estate, RE/MAX® Professional Realty Group can provide you with expertise
and assistance. Because this may be the largest financial transaction you will enter
into, it is important to understand the role of the agents and brokers with whom
you are working. Below is some information that explains the various services
agents can offer and their options for working with you.
For more information on agency law in Kentucky, you may also contact the
Kentucky Real Estate Commission at (502) 429-7250, or on its
website at www.krec.ky.gov .
Representing the Sellers: Most sellers of real estate choose to list their home
for sale with a real estate brokerage. When they do so, they sign a listing
agreement that authorizes the brokerage and the listing agent to represent their
interests. As the seller's agent, the brokerage and listing agent must: follow
the seller's lawful instructions, be loyal to the seller, promote the seller's best
interests, disclose material facts to the seller, maintain confidential information,
act with reasonable skill and care, and account for any money they handle
in the transaction. In some circumstances a listing broker may also offer
"subagency" to other brokerages which would also represent the seller's
interests and owe the seller these same duties.
Representing Buyers: When purchasing real estate, buyers usually choose to
work with a real estate agent as well. Often the buyers want to be represented
in the transaction. This is referred to as buyer's agency. A brokerage and
agent that agree to represent a buyer's interest in a transaction must: follow the
buyer's lawful instructions, be loyal to the buyer, promote the buyer's best
interests, disclose material facts to the buyer, maintain confidential information
and, account for any money they handle in the transaction.
Dual Agency: In some transactions, the same agent and brokerage that
represent the seller also represent the buyer. This is referred to as dual agency.
When a brokerage and its agents become "dual agents," they must remain loyal to
both clients. They may not advocate the position of one client over the best
interests of the other client or disclose any personal or confidential information
to the other party without written consent.
Working With (brokerage): RE/MAX® Professional Realty Group does
represent both buyers and sellers. When RE/MAX® Professional Realty Group
lists property for sale, all agents in the brokerage represent the seller. Likewise,
when a buyer is represented by a RE/MAX® Professional Realty Group agent, all
of the agents represent that buyer. Therefore, when a buyer represented
by a RE/MAX® Professional Realty Group agent wishes to purchase property
listed by our company, the agent(s) involved act as dual agents. This is true
whether one agent is representing both parties or two separate agents are
involved. In the event that both the buyer and seller are represented by
RE/MAX® Professional Realty Group agents, these agents and
RE/MAX® Professional Realty Group will act as dual agents, but only if both
parties agree. As dual agents, they will treat both parties honestly, prepare and
present offers at the direction of the parties, and help the parties fulfill the terms
of any contract. They will not, however, disclose any confidential information
that will place one party at an advantage over the other or advocate or negotiate
to the detriment of either party. If dual agency occurs, you will be asked to
consent to that in writing. If you do not agree to your agent acting as a dual
agent, you can seek representation from another brokerage. As a buyer, you
may also choose to represent yourself on properties RE/MAX® Professional
Realty Group has listed. In that instance, RE/MAX® Professional Realty
Group will represent the seller and you would represent your own best
interests. Because the listing agent has a duty of full disclosure to the seller, you
should not share any information with the listing agent that you would not want the
seller to know.
Working With Other Brokerages: When RE/MAX® Professional Realty Group
lists property for sale, it also cooperates with, and offers compensation to,
other brokerages that represent buyers. As a seller, you should understand that
just because RE/MAX® Professional Realty Group shares a fee with a
brokerage representing the buyer, it does not mean that you will be represented
by that buyer's brokerage. Instead, that company will be representing the
buyer and RE/MAX® Professional Realty Group will be representing your
interests. When acting as a buyer's agent, RE/MAX® Professional Realty
Group also accepts compensation offered by the listing broker. If the property
is not listed with any broker, or the listing broker does not offer compensation,
we will attempt to negotiate for a seller-paid fee.
Fair Housing Statement
It is illegal, pursuant to the Kentucky Fair Housing Law and Federal Fair Housing
Law, to refuse to sell, transfer, assign, rent, lease, sublease or finance housing
accommodations, refuse to negotiate for the sale or rental of housing
accommodations, or otherwise deny or make unavailable housing accommodations
because of race, color, religion, sex, familial status, disability, national origin, or
sexual orientation in some counties or to so discriminate in advertising the sale or
rental of housing, in the financing of housing, or in the providing of real estate
brokerage services. It is also illegal, for profit, to induce or attempt to induce a
person to sell or rent a dwelling by representations regarding the entry into the
neighborhood of a person or persons belonging to one of the protected classes.
We hope you find this information to be helpful to you as you begin your
real estate transaction. When you are ready to enter into a transaction,
you will be given an Agency Disclosure Statement that specifically identifies
the role of the agents and brokerages. Please ask questions if there is anything
you do not understand.
Because it is important that you have this information, Kentucky law requires
that we ask you to sign below, acknowledging receipt of this pamphlet.
Doing so will not obligate you to work with our company if you do not choose
to do so.
__________________________________ _____________________________ Name (Please Print) Signature Date/Time
__________________________________ _____________________________ Name (Please Print) Signature Date/Time
Fax to: Gary Maglinger, 270-685-1977.