Scope of responsibility of a realtor to the client
When starting cooperation, the realtor and his client are mutually responsible for how the transaction goes and what its result will be. What is a realtor responsible for? Let's figure it out together.
Search and demonstration of objects
At the beginning of cooperation, the client talks in detail about what kind of real estate he is interested in: cost of rent or purchase, area, number of rooms, city and region, price, other conditions. When starting work, the realtor undertakes to look for just such housing and show the client the options found.
Studying and checking documents
It is the realtor who checks all the documents on the basis of which the transaction is carried out and is directly responsible for their authenticity (reliability). As a rule, it is the realtor who acts as the guarantor of the legal “purity” (legality) of the transaction.
Correct legal form
This part of the transaction is also the responsibility of the realtor. The realtor controls the correctness of the legal transfer of ownership from the seller to the buyer and provides documents that guarantee the legal “purity” of the transaction.
Information and analytics
The realtor is obliged to provide the potential buyer with reliable results of pricing analytics, as well as information about changes in the areas of legislation relating to real estate transactions. The realtor is not responsible for possible changes in legislation that may occur after the conclusion of the transaction. This is quite logical, since the realtor does not and cannot have any influence on this aspect of the real estate market.
Organizational matters
All organizational hassle, collection of documents for which he has the authority to obtain are the responsibilities of a realtor. The realtor also provides support for the transaction at the cadastral agency.
Problem objects
The realtor is obliged to openly inform the client about the presence of certain problems at the property, provided that he himself knows about them. This list also includes potential problems, that is, those that may arise in the foreseeable future.
Indirect responsibilities
The direct functional responsibilities of a realtor were described above. If desired and if the client needs it, the realtor can take on some additional obligations. These may be:
- Opening of bank accounts.
- Assistance in obtaining a residence permit.
- Translation of documents and organization of transfers.
- Organization of excursions.
- Organization of facility cleaning.
- Organization of repair work.
- Order water.
- Assistance in finding work for adults and placement in kindergarten or school for children.
Additional services are usually aimed at quick and comfortable adaptation of a person to a new place of residence. Regardless of whether we are talking about buying or renting a home, a professional realtor is always responsible for the results of his work.