Are real estate agents willing to be responsible for their sellers company buy-out value?
This has the potential to cause a major conflict between the seller and the listing agent, which may cause the agent to lose the listing. Agents will want to be compensated for this. If fair compensation were assumed to be the amount of income foregone to perform this service, then the amount would likely be greater than the typical appraisal fee. Will transferred employees perceive a conflict of interest if their real estate agent does the appraisal? While real estate agents in the relocation field have the highest ethical standards, it is reasonable to ask whether the typical transferred employee, who has much less understanding of the relocation process than we who read Mobility, will perceive that the real estate agent may appraise the home a little low to make it easier to sell. The key word here is “perceive.” Under current procedures, it takes some convoluted thinking on a transferee’s part to come up with a reason why an appraiser has a conflict of interest. The ERC Residential
Related Questions
- Why hire a real estate attorney for a closing if the parties are represented by real estate agents and can use a title company instead?
- Are real estate agents willing to be responsible for their sellers company buy-out value?
- WHO IS RESPONSIBLE FOR PAYING TAX ON ADDITIONAL VALUE WHEN PURCHASING REAL ESTATE?
