The seller is represented by the real estate agent listing their property and the seller 's agent is responsible for directing the negotiations and for constructing the contract in a way that benefits their client. It is important for the buyer to be represented by an impartial real estate agent that will oversee these negotiations and make sure all contracts benefit the buyer client.
As your buyer representative, our agency fee of 3% of the sales price is usually paid by the real estate seller. Before our agency represents the seller or buyer, we discuss commissions and representation in detail. Our fees are negotiable and subject to change.
The first step in buying real estate is to get pre-approved by a lender if you are not paying cash for the property. Our agency can refer you to banks or mortgage companies. We can give you an idea of which lender fits your needs. When you are pre-approved, it allows our search process to be more precise so we can find the property that is within your budget. The pre-approval also makes a contract offer much stronger.
The next step is the search. We can help you narrow your direction and help you pinpoint what you are looking for. We make recommendations in your purchasing decision and want you to be satisfied with the results.
A real estate agency can represent the buyer and seller in a real estate transaction only in an Intermediary Status according to the Texas Real Estate Commission. The real estate agency must have approval in writing from both parties. The real estate broker must assign different licensed sales agents to the buyer and seller to assist in the transaction and negotiations.
Texas law requires all real estate licensees to give the following (Information About Brokerage Services) to prospective buyers, tenants, sellers, and landlords upon first substantive dialogue relating to specific real property. (PDF)