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02-23-2021, 12:33 PM
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#17476 | | Rs has made me the man i am today!
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Are realtors not allowed to represent both the buyer+seller now?
As in buyers NEED to have an agent as well? Or is it possible to conduct a sale with only a selling agent?
Last edited by PiuYi; 02-23-2021 at 02:26 PM.
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02-23-2021, 02:11 PM
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#17477 | | I told him no, what y'all do?
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unless things have changed i think there's a disclosure form that you sign that you're aware and ok with it no?
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
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02-23-2021, 02:17 PM
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#17478 | | RS has made me the bitter person i am today!
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Can a realtor represent themselves?
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02-23-2021, 03:31 PM
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#17479 | | I contribute to threads in the offtopic forum
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Originally Posted by PiuYi  Are realtors not allowed to represent both the buyer+seller now? | Correct. Realtors cannot represent both the seller and buyer as clients in the same transaction. Quote: |
As in buyers NEED to have an agent as well? Or is it possible to conduct a sale with only a selling agent?
| The Buyer doesn't need a realtor to represent them.
Yes, the Buyer can conduct a transaction through the listing agent, however the buyer would be an unrepresented party. This means that while the listing agent can print out the documentation for you (buyer) to write an offer, they will not give you any guidance/opinion/advice as to what you should put in the offer. This includes price, subject conditions, etc. On the flip side, the listing agent is still able to double-end the commission unless otherwise noted in the listing agreement. Quote:
Originally Posted by Gerbs Can a realtor represent themselves? | Yes. As GLOW mentioned, there's a form called "Disclosure of Interest in Trade" that will need to accompany any offer. Have to be careful though, Errors & Omissions Insurance does not cover transactions where the Realtor brokers their own deal.
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02-23-2021, 04:35 PM
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#17480 | | To me, there is the Internet and there is RS
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Is that why I see listings that mention the owner is a realtor?
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02-23-2021, 04:53 PM
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#17481 | | i like gifs
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Realtors can't be a representing party to both buyer and seller because that's a huge conflict of interest. Why this was only recently changed is up to anyone's guess ($$$$$$$)
If you're a buyer then there really is no reason to not have a realtor working on your behalf because nothing comes out of your pocket. That's why you're hearing more and more people talking about having buyer agents do a cash incentive kickback to you upon completion of your purchase.
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02-23-2021, 06:49 PM
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#17482 | | Network Admin Team
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Double-ending still occurs. Just not as openly to get around the rules. It was often the only way that you could get a place.
I wouldn't have been able to buy my place back in 2016 If I didn't use the sellers agent as my buyers agent. The agent was pretty much working against the seller (her client as well) so I could stay in the bidding process and she could get full commish.
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02-23-2021, 06:55 PM
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#17483 | | Rs has made me the man i am today!
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Originally Posted by rb I wouldn't have been able to buy my place back in 2016 If I didn't use the sellers agent as my buyers agent. The agent was pretty much working against the seller (her client as well) so I could stay in the bidding process and she could get full commish. | sounds like a scumbag agent
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02-24-2021, 08:39 AM
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#17484 | | I told him no, what y'all do?
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http://www.revscene.net/forums/showthread.php?t=611711 Quote: Greenstoner
1 rat shit ruins the whole congee
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[22-12, 08:51]mellomandidnt think and went in straight..scrapped like a bitch
[17-09, 12:07]FastAnna glowjob
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02-24-2021, 11:31 AM
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#17485 | | Rs has made me the woman i am today!
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Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc.
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02-24-2021, 11:36 AM
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#17486 | | RS.net, where our google ads make absolutely no sense!
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Originally Posted by Euro7r Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc. | The seller needs to ensure that their realtor does not list those appliances as fixtures/appliances in the listing. Some realtors will go above and beyond and list them as specifically not included.
If they are included in the listing as features/fixtures, then your buddy's obligated to include them with the house. You can't switcheroo them with shittier ones after closing either. If he wants to keep them then I'd recommend that he have his realtor list them as exclusions to ensure there's no confusion down the line.
Usually large appliances ARE listed features/fixtures: fridge, stove, dishwasher, clothes washer, dryer. Most buyers will assume these come with the house, so if you want to keep them I think it's important to mention that in the listing.
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02-24-2021, 11:37 AM
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#17487 | | Wunder? Wonder?? Wander???
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Originally Posted by Euro7r Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc. |
You state on the sales contract what is included as part of the sale. When I recently purchased a house one of the refrigerators was excluded as it was the tenant's.
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02-24-2021, 11:56 AM
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#17488 | | Willing to sell body for a few minutes on RS
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Originally Posted by Euro7r Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc. | That depends on the type of appliance. If it's screwed/permanently mounted like a wall oven, cooktop, built-in fridge/dishwasher and/or can't be removed without damage or significant alteration (Ie: not a simple unplug) it's likely considered a fixture and is part of the house (it's why if I ever sell my house I'm taking the expensive commercial LED strip lamps in my garage down and replacing them with cheapo regular bulb holders before I list the house).
Just a regular fridge or washer/dryer that can be unplugged and moved then maybe not. But, I think it's pretty standard for real estate agents to write a clause to include these when they draft the purchase contract for the buyers so always check what that states.
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02-24-2021, 12:04 PM
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#17489 | | I contribute to threads in the offtopic forum
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To be on the safe side, note the make, model, colour and style of appliances for inclusions and exclusions into the purchcase agreement especially if the seller has noted an intention to swap or replace before closing. I've heard sellers doing switcheroos replacing top end appliances with basic units (although similar looking) because the buyers only put down fridge, stove, dishwasher.
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02-24-2021, 12:58 PM
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#17490 | | RS controls my life!
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Originally Posted by Euro7r Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc. | A thorough realtor would make it very clear in the sale agreement that all the appliances, furnace, water boiler etc. in the house are guaranteed to be in working order at closing. That's what my realtor did and before closing, we inspected every appliance in the house, found that the ice-maker in the fridge wasn't working and was able to get the seller's lawyer to withhold $500 for repair during closing.
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02-24-2021, 02:20 PM
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#17491 | | Old School RS
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Originally Posted by Bonka I've heard sellers doing switcheroos replacing top end appliances with basic units (although similar looking) because the buyers only put down fridge, stove, dishwasher. | That's not a thing. The way the standard real estate agreement is worded is it says all fixtures in place as of the viewing, which took place on XYZ date, which includes (but is not limited to) stove, dishwasher, etc.
The important thing is the contract doesn't say "it includes a dishwasher", it says "it includes the dishwasher you saw on Feb 14th"
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02-24-2021, 02:37 PM
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#17492 | | Pull Out Towing. Women rescued for free.
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Originally Posted by Euro7r Buddy of mines is putting up his house for sale (old house) and has a relatively new washer/dryer (<1 year old). I suggested he move them to his new place as backup after house is sold (considering new shit these days break easily). Generally my understanding people buy the house for house/land and not your appliances inside (unless it's stated on contract dryer/washer to be included). Can he just take it with him after house is sold? He just doesn't want the buyer to come back later on and be like, "where's the washer/dryer" etc. | The more important question is why.
How much is that washer/dryer worth? To add it to the things that need to be moved and storage cost imo isn't worth it.
I'd just wait for the washer/dryer at the new place to breakdown and replace it with a new washer/dryer.
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02-24-2021, 03:48 PM
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#17493 | | Rs has made me the woman i am today!
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Originally Posted by SumAznGuy The more important question is why.
How much is that washer/dryer worth? To add it to the things that need to be moved and storage cost imo isn't worth it.
I'd just wait for the washer/dryer at the new place to breakdown and replace it with a new washer/dryer. | The house is old, whomever that buys is really isn't buying it for the house, rather than the land itself. Chances of tear-down is quite high considering it's on Vancouver land. The next owner probably just gonna throw everything out...
Also it's the fact it's in mint condition that is <1 year old. Literally barely used; hence, just wondering.
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02-24-2021, 03:57 PM
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#17494 | | RS controls my life!
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I feel like this is a trivial problem you are describing. Why not just make that clear during the sale of the house that the seller wants to keep the appliances and is not part the sale? Then the buyer can take that into account before making their offer price. What you wrote in original post was "I suggested he move them to his new place as backup after house is sold" which seems like a scam against the buyer.
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02-24-2021, 04:27 PM
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#17495 | | I contribute to threads in the offtopic forum
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It's a fraction of a percent in the grand scheme of things. Why anyone would make an issue out of this is just petty. Easy way out? How about including it in the damn price?  | |
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02-24-2021, 05:03 PM
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#17496 | | Rs has made me the woman i am today!
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Sorry if my buddy offends you guys sounding like some cheapo (he's just wondering and asked me (which I don't know jack all) since he is a noob). I forgot you guys on RS clear $250K annually and such are pocket change  | |
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02-24-2021, 06:51 PM
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#17497 | | Need to Seek Professional Help
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how would you feel if you were the buyer and the seller did that to you?...you dont need to know jack all...just put yourself in their shoes
this isn't about making money its about morals and ethics here
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02-24-2021, 07:09 PM
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#17498 | | It's like going crazy when you're already nuts
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If it's written in the contract and both parties sign on the dotted line, then it's fair game. But if Euro7r's buddy tries to pull a fast one on the buyer, then that's pretty shady.
In our recent TH purchase, all light fixtures were supposed to be included with the sale, but the seller took a ceiling light that was supposed to have stayed behind. I think I could've gone after her for it technically but I didn't bother since I was going to junk it anyway.
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02-24-2021, 07:32 PM
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#17499 | | Rs has made me the man i am today!
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Originally Posted by Euro7r The house is old, whomever that buys is really isn't buying it for the house, rather than the land itself. Chances of tear-down is quite high considering it's on Vancouver land. The next owner probably just gonna throw everything out...
Also it's the fact it's in mint condition that is <1 year old. Literally barely used; hence, just wondering. | How much is this lot and where is it? Cause I'm shopping for one.
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02-24-2021, 07:44 PM
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#17500 | | Willing to sell body for a few minutes on RS
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Lol, sounds like the plot to the Richard Pryor movie, "Moving".
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