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 RealtyTransfer.com promotes transaction brokerage to lower the cost of buying and selling real estate. RealtyTransfer.com is a licensed by the Pennsylvania Real Estate Commission as a real estate brokerage.
With RealtyTransfer.com you have a choice of what level of service you need to sell your home. Choose our online document preparation service for fast and easy agreements of sale. Or if you would rather speak to a licensed real estate agent we will prepare your agreement over the phone. We also make house calls. We will come to your home and prepare your agreement of sale with both the Buyer and Seller present and customize an agreement specifically to meet your requirements.
In any case you are assured that your agreement of sale will be prepared only by a state licensed real estate agent.
What is a transaction Broker?
A transaction broker is not an agent for either party, so the transaction broker does not advocate the interests of either party.
The transaction broker is responsible for performing the following duties:
· protecting the confidences of both parties, including the following information:
* the fact that a buyer is willing to pay more
* the fact that a seller is willing to accept less
* factors that are motivating any party
* the fact that a party will agree to different financing terms
* any information or personal confidences about a party that might place the other party at an advantage
· exercising reasonable skill and care
· presenting all offers in a timely manner
· advising the parties regarding the transaction
· suggesting that the parties obtain expert advice
· accounting for all money and property received
· keeping the parties fully informed
· assisting the parties in closing the transaction
· disclosing to the buyer all adverse material facts actually known by the transaction broker, including:
* environmental hazards affecting the property that are required to be disclosed
* the physical condition of the property
* any material defects in the property or in the title to the property
* any material limitation on the seller's ability to complete the contract
* disclosing to the seller all adverse material facts actually known by the transaction broker, including all material facts concerning the buyer's financial ability to perform the terms of the transaction
· The transaction broker has no duty to:
· conduct an independent inspection of the property
· for the benefit of any party
· conduct an independent investigation of the buyer's financial condition
· independently verify the accuracy or completeness of statements made by the seller, buyer, or any qualified third party.
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