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People also ask
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What is agency representation in real estate?
SELLER'S AGENT A seller can engage the services of a real estate agent to sell his property (called the listing agent) and the real estate agent is then the agent for the seller who becomes the agent's client. This means that the real estate agent represents the seller. -
What is Arkansas Rule 8.5 fidelity and honest dealing?
8.5 Fidelity and Honest Dealing This obligation of absolute fidelity to the interest of the client or clients is primary, but does not relieve a licensee from the equally binding obligation of dealing honestly with all parties to the transaction. -
Can a realtor represent both buyer and seller in Arkansas?
Arkansas law requires real estate agents to clearly disclose to all parties in a real estate transaction which party(s) he or she is representing. Real Estate Agents typically represent Sellers but can also represent Buyers as well as both Buyers and Sellers. -
What does representation mean in real estate?
Being "represented" by a Realtor means that your interests are protected. If you tell your agent that you want a house within a certain price range, they'll make sure to keep you grounded if you start to venture off looking at higher-priced homes. -
What is an agency representation?
This typically occurs when a single real estate firm is representing both the seller and the buyer in the same transaction. In this situation, the agents in the transaction represent both parties equally, but in a limited capacity. -
What do agency representatives do?
The Agency Representative (AREP) facilitates coordination, cooperation, and dialogue between the Incident Management Team (IMT) and host Agency Administrator (AA). -
How much does the average realtor make in Arkansas?
Licensed Real Estate Agent Salary in Arkansas Annual SalaryMonthly PayTop Earners$133,487$11,12375th Percentile$88,991$7,415Average$74,149$6,17925th Percentile$48,945$4,078
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