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Quote:
Originally Posted by KC911 View Post
Now for a serious question...maybe it varies by state. Here, unless you specificially contract a "buyer's agent" as a purchaser to be your agent, then both the listing agent and the agent showing in the OP have fiduciary oblgations that lie with the seller...there is no buyer's agent???
The law regarding real estate transactions does vary state to state. It is wise to get an agreement with your agent in place early on to prevent confusion. Here is Minnesota's:
https://www.revisor.mn.gov/statutes/?id=82&view=chapter

The only houses I have bought in NC was without any realtor. If you buy a "for sale by owner" or convince someone to sell their home to you without it being listed...all you need is a lawyer to draw up the documents...or a closing company if you need a loan, title search, etc..
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Old 08-03-2016, 04:48 PM
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