Agent

5 signs your agent is overstepping his expertise

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

All professions have practitioners who provide exemplary service and others who are not so good. Such is the case with residential real estate. While most agents are ethical and abide by the rules, a few seem more interested in earning a commission than working in their clients' best interest. Real estate agents can be well intentioned in their actions but create huge problems by overstepping the limits of their expertise. Most agents aren't attorneys and are prohibited from providing legal advice. Yet they sometimes slip into the role of attorney. This can happen easily with the clients' help. For example, a common question that arises when a buyer backs out of a transaction is, "Who's entitled to the buyer's deposit money: the buyer or the seller?" Buyers and sellers often don't want to pay more for extra advice, like consulting with an attorney. So, they'll press their agent for advice. In one case, a seller's agent relented and told the seller he was entitled t...