However, if the agent fully discloses to each principal the agent’s interest under the two appointments and the fact that he acts for both the vendor and purchaser in a sale and purchase property transaction must disclose the fact to both the vendor and the purchaser and obtain their consent for so acting.The agent’s duty to avoid conflict of interest applies equally to cases where the interest of the agent himself or that of his close relatives conflicts or potentially conflicts with his duties to the principal. This may include education, previous job experience, certifications and technical skills. Here you should outline the functions this position will perform … This Real Estate Agent job description template is optimized for posting on job boards or careers pages. For example, where an agent is acting for a property owner for which he gets a commission for leasing an apartment, he or she cannot simply accept any tenant in order to get the fee.
During the conveyance process, estate agents carryout a number of tasks in relation to their clients (i.e the seller and purchaser) as set out below:Seek out properties for sale and establish connections with sellers who agree to list their properties through the agent’s firms;An agent is liable to indemnify a principal for loss or damage resulting from his/her act.A principal owes certain contractual duties to his/her agent. Where the agent represents the seller, his core duty is to help the seller arrive at an appropriate and realistic price, discovering and disclosing facts that affect the seller and properly presenting the contracts that the seller signs. Need help writing a job description for a specific role? Estate agents oversee the acquisition and disposal of properties. During home visits, the estate agent may also ask their clients questions to guide them in identifying other potential properties.The estate agent negotiates prices and sales agreements on the client’s behalf. Outline the types of activities and responsibilities required for the job so job seekers can determine if they are qualified, or if the job is a good fit. Estate agents should be familiar with property types and the sales process and should possess the following skills:Estate agents do not need a specific degree, and no formal certification is required for this role. If the estate agent makes use of this information, which he is appointed to obtain on behalf of the purchaser, and acquires that property himself without disclosing the same to the purchaser and makes a profit by reselling it, the estate agent will, among other things, be in breach of his fiduciary duty not to make secret profit. Estate agent: job description.
Information readily available to the public will usually include information which is kept at government departments and is open for inspection by the public, such as the Land registry, Companies registry and the Birth and Death RegistryEven if the agent has ceased to act for the principal, the agent should continue to keep confidential any information concerning the principal or any confidential information entrusted to him by the principal, unless the principal consents to disclosure or unless the information has ceased to be confidentialHowever, an agent has implied authority to disclose information concerning the principal if to do so is necessary for the agent to carry out the duties entrusted to him by the principal. On the selling side, estate agents may provide their clients with information on similar listings and price trends.Estate agents accompany their clients on home visits. And if your position is specialized, consider including the specialization in the job title as well. Brokers work with but do not represent customers.It is true that the agents should take all their responsibilities to their principals. Use our Job Search Tool to sort through over 2 million real jobs. The agent must act without self-interest. Each can be different, depending on the needs and demands of buyers, sellers, and other professionals they work with. On the other hand, an agent who represents the buyer is expected to help the buyer locate suitable property and evaluate property values, property conditions, financing alternatives and offers and counter offers with the buyer’s interest in mind.If an agent acts beyond the authority granted, the principal may sue for any damages incurred, or the principal may subsequently agree to be bound by the agent’s actions called ratification.
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