Can real estate agents provide legal advice?

Can Realtors advise clients?

In California, there are no post-escrow duties owed to one’s client. (Robinson v. … As such, a real estate licensee in California has no legal duty to give advice, provide warnings or issue spot in these particular areas unless the real estate agent elects to do so which is not advised. (Carleton v.

Can real estate agents talk about crime?

Real estate agents aren’t allowed to talk about crime data, but the local police blotter or sex offender registry can help you figure out how safe a neighborhood may be.

Do real estate agents do consultations?

Some real estate agents offer consulting services in addition to their normal real estate business. In this case, the consultant would help the buyer determine whether a purchase was a good investment. They will consider the buyer’s goals and look at all aspects of a potential transaction.

Can you have 2 Realtors at once?

A multiple-listing agreement sees you sign up with a single agent – but rather than the property being sold by just that agent, the listing is shared with other agents who are members of a multiple-listing network.

What are Realtors liable for?

Real estate agents owe contractual and fiduciary duties to their clients. If agents breach their duties, through negligence or other breach, they can be liable for damages. In certain circumstances, real estate agents can also be liable to the opposing party in a real estate transaction.

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Do real estate agents lie about offers?

Although they shouldn’t, estate agents can and do lie about offers to make it look to you as a seller that they’re creating lots of interest in your property. An estate agent may also lie about offers so they can push you in the direction of a specific REAL offer, so they can get their hands on their commission ASAP.

Is it stressful being a Realtor?

The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.

Can you sue a real estate agent for lying?

You can’t sue a real estate broker for a bad opinion — in order to win a misrepresentation lawsuit, the misstatement must involve some material fact about the property or the sale that would affect a reasonable person’s decision regarding the purchase.

What is a real estate buyers consultation?

A buyer’s consultation is useful to clarify the home buying process, sets the expectations on both sides, and lays the foundation for a happy client/agent relationship. The home buying process often has a unique set of opportunities and challenges, and can be stressful.