Friday, 9 August 2013

Responsibilities of a Real Estate Agent

To understand fully about the real estate agent's one has to known his own responsibility and duties. He also need to know what the broker  should and shouldn’t do for the home seller or buyer- Before going through it he as to follow some federal and state regulations for undergoing any sort of real estate transaction. To be more clear agents need be awake of the following rules and institutions that govern or influence all of their actions such as National Association of Realtor's Code of Ethics, State Real Estate Laws, Lawsuits, Employing Broker's Guidelines, and the Federal Fair Housing Act.

Among the top five actions The Fair Housing Act is most important act in it. This ethics is mainly discovered to avoid discrimination on buyers and sellers too. The Fair Housing Act legislation (which was modified in peace to the Fair Housing Act of 1988 and is part of the Civil Rights Act of 1968) This is able to protect 7 classes of sellers and buyers, such as family status, national origin, religion, handicap, sex, color, and race. This act made mainly to avoid discrimination.

A lot of people are stunned and unaware of the fact that a real estate agent has to deny some request for simple reasons. An agent can be prohibited from answering questions about the society of neither a specified community nor a given community. Everyone should obey the set of rules and uncertain for the agents to break the rules.

Demands for School Districts and Safe Neighborhoods

If a customer asks his real estate agent to find him a place near particular school/college, then the realtor can ask for the limitations of the search and the broker shouldn't be the one supplying the boundaries. The agent should explain patiently that the client's children will not get admitted into the school he wants to join them. Assuring them that the school district is not within the range and limitations of a realtor's duties to a buyer and emphasizing that such type of action lead to violation of the Fair Housing Act is par for the course.


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