Unrepresented Party

Consumers who choose to conduct a real estate transaction without a real estate professional are known as unrepresented parties.  While you are not required to have a real estate professional to represent you in a real estate transaction, the exprt advice, protection and oversight insurance that come with being the client of a real estate professional can be very helpful.

If you are thinking of being unrepresented party, make sure that you understand what a real estate professional representing another party to the transaction can and cannot do for you.  A real estate professional must be loyal to their client. He/She will only be able to provide you with limited services. and will not be working in your interests.

A real estate professional representing someone else in the transaction can only give you limited assistance such as:

.sharing real estate statistic and general market information;

. providing standard real estate contracts and other relevant documents;

.helping you fill out a standard real estate contract wihout any advice about what to include in   contract;

.presenting your offers or counteroffers to their client and from their client to you.

A real estate professional repesenting someone else in the transaction cannot give you advice, negotiate on your behalf, nor give yu any confidential information about their client.  In turm the professional must share all relevant information they know with their client.

Be cautious about sharing any confidential information with a real estate professional who represents a client with opposing interests to you.

As a consumer, it is up to you to decide what kind of working relationship with a real estate professional is best for you.