Be aware of conflicts
A free booklet, “How to Avoid the Costly Trap of Conflict of Interest in Real Estate,” is available to consumers from Glendale-based Right Home, which provides real estate brokerage services, mortgage financing and escrow services.
One trap is when the same real estate agent represents both the buyer and the seller in a transaction. The agent is really working for himself and is legally able to collect commissions from the listing and buyer sides of the transaction, commonly referred to as “double ending” the deal.
Another is when an agent recommends certain service providers and receives a kickback referral fee without disclosing the relationship to the client.
Call (800) 873-8373 to receive a free copy of the booklet.
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