About the Author

How Much Does My Real Estate Agent Need To Know?

Real estate agents would say that the more you tell them, the better they can negotiate on your behalf. However, the degree of trust you have with an agent may depend upon their legal obligation. Agents working for buyers have three possible choices: They can represent the buyer exclusively, called single agency, or represent the seller exclusively, called sub-agency, or represent both the buyer and seller in a dual-agency situation.



Some states require agents to disclose all possible agency relationships before they enter into a residential real estate transaction. Here is a summary of the three basic types:



1. In a traditional relationship, real estate agents and brokers have a fiduciary relationship to the seller. Be aware that the seller pays the commission of both brokers, not just the one who lists and shows the property, but also to the sub-broker, who brings the ready, willing and able buyer to the table. It most cases you will have 2 broker?s splitting the commission.



* Dual agency exists if two agents working for the same broker represent the buyer and seller in a transaction. A potential conflict of interest is created if the listing agent has advance knowledge of another buyer's offer. Therefore, the law states that a dual agent shall not disclose to the buyer that the seller will accept less than the list price, or disclose to the seller that the buyer will pay more than the offer price, without express written permission. Many times it makes sense to ?assign? someone in your office one side of the transaction, thus assures there is no conflict of interest.



* A buyer also can hire his or her own agent who will represent the buyer's interests exclusively. Sometimes a buyer's agent must be paid out of the buyer's own pocket but the buyer can trust them with financial information, knowing it will not be transmitted to the other broker and ultimately to the seller. More often the seller pays both the selling broker and the buyer?s broker.

About the Author: Christine began her real estate career proving herself a top producer on a new high rise development. This experience gave her valuable knowledge of construction as well as the buying process and resulted in 4-million dollars in sales during her first year. http://www.getanewhome.net

Share Your Opinion. (0 posts)

NY State Lotto & Mega Millions Commercial Filmed at Poppy's Cafe in Rye, NY

On Tuesday May 29, 2007 Poppy's Cafe was closed for the day, a rare occasion, as the cafe only closes 2 days out of the year. 

About a week ago Gerri Piovesan, owner of Poppy's Cafe, a 23-year mainstay of Rye, NY, was approached by a gentleman asking if she would be open to having a commercial filmed in the cafe. She didn't think much about it and went back to work. Several days later, the gentleman returned and confirmed that they would indeed like to shoot a NY State Lotto & Mega Millions Commercial at Poppy's Cafe on May 29th.

The crew then asked her to make a few pots of coffee, cook up five plates of burgers and grilled cheese meals as props for the commercial.

Rye was one of several locations scouted for the commercial, Dobbs Ferry and Mamaroneck were also being considered, but Rye was chosen because of its small town community feel and layout that was envisioned for the commercial.
Several locations were used for the commercial including, Poppy's Cafe, the Smoke Shop and several parts of Purchase Street. Poppy's Cafe and the Smoke Shop were chosen because of their old fashioned demeanor unlike any other establishments in Rye.

Gerri opened the cafe at 6:30AM and although the cafe closed her faithful customers shuffled in and out right up until shooting began, Gerri served them breakfast and coffee just like any other morning.

The crew then asked her to make a few pots of coffee, cook up five plates of burgers and grilled cheese meals as props for the commercial.

"What a great experience, everyone working on the commercial went out of their way to be courteous and respectful," said Gerri Piovesan, owner of Poppy's Cafe. "It was a lot of fun to watch the entire process and I am honored that they chose Poppy's as a location for the commercial."

The commercial is set up like a mini-musical where one song will be playing throughout.  The lotto ticket is purchased in the Smoke Shop and the characters make their way to Poppy's Cafe. Along the way, characters in the scene pass each other and sing different parts of the song. It is expected to air in the fall.

ABC "Extreme Makeover
ABC Extreme Makeover: Home Edition Calls on Katonah-Based Landscape Designer, TRD Designs, for the Second Year in a...

Share Your Opinion. (0 posts)