We are pleased you have selected Gerspacher Real Estate Group, Inc. to assist you with your real estate needs. Whether you are selling, buying or leasing real estate, GREGroup can provide you with expertise that comes from 50 years in the field of real estate 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.
Working With Gerspacher Real Estate Group, Inc.
Gerspacher Real Estate Group, Inc. does offer representation to both buyers and sellers. Therefore, the potential exists for one agent to represent a buyer who wishes to purchase property listed with another agent in our company. If this occurs each agent will represent their own client, but GREGroup and its managers will act as a dual agent. This means the brokerage and its managers will maintain a neutral position and not take any actions that will favor one side over the other. However, GRE Group will still supervise both agents to assure that their clients are being fully represented.
While it is the policy of Gerspacher Real Estate Group, Inc. to allow a buyer and seller in the same transaction to be represented by two agents in our brokerage, it does not permit one agent to represent both parties. Therefore, a listing agent working directly with a buyer will represent only the seller's interests. In this situation the agent will still be able to provide the buyer with non-confidential information, prepare and present offers at their direction and assist the buyer in the financing and closing process. However, the buyer will be a customer, representing their own interests. Because the listing agent has a duty of full disclosure to the seller, a buyer in this situation should not share any information with the listing agent that they would not want the seller to know. If a buyer wishes to be represented, another agent in GREGroup can be appointed to act as their agent or they can seek representation from another brokerage.
For more information on agency law in Ohio you can also contact the Ohio Division of Real Estate & Professional Licensing at (614) 466-4100, or on its website at www.com.state.oh.us.
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