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Real Estate Agents have a fiduciary relationship
Fiduciary Duties
Related Articles:
- Real Estate Agent or Realtor? What’s the difference?
- How to choose a Buyer’s Agent
I came across a great article in the Gazette over the weekend about Fiduciary Responsibilities. It was informative, well-written, and very much applies to Colorado Springs Real Estate and Realtors. My favorite quote from the article written by Jim Flynn ”The law expects more of 
fiduciaries than others who have legal duties to another person.” Some examples of professional who have a fiduciary responsibility are trustees, executors, and guardians, as well as Realtors.
You may wonder what all of this has to do with real estate. The answer is, it has everything to do with Realtors and real estate in Colorado and it starts with an understanding of agency in Colorado
Agency and Real Estate
Colorado is considered an agency state, and Real Estate Agents have 2 choices of how they represent clients. According to the information in the Colorado Real Estate Manual:
How to choose a Buyer’s Agent
How do I find a Buyer Agent?
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
Finding homes for sale in Colorado Springs can be overwhelming task, especially for first time buyers. So, how do you go about selecting a Buyer’s agent to help you?
For starters you may want to put together a check list of questions to ask potential agents.
- How many transactions did you complete last year?
- Do you primarily work with buyers ?
- What is your commission? How do you get paid?
- Do you work as a Buyer’s Agent? Have you had any special training to work with buyers?
- Do you have recent references I can contact? Read the rest of this entry »
