According to Massachusetts Real Estate Rules, an agent can also be a facilitator. Basically, This is a real estate agent’s playground. Many of the duties and the restrictions place on the buyer’s agent, the seller’s agent and especially the dual agent don’t apply to the Facilitator, otherwise known as a transaction broker. They are essentially a fair and balanced free agent in the transaction, just helping everybody get along and move along.
The facilitator has to represent the property honestly by disclosing known material defects and they must account for funds exchanged in the transaction. BOOM! That’s it. A smart facilitator will assist in keeping the transaction progressing smoothly too.
An agent acting as a facilitator owes accurate accounting of funds and honest presentation of the property. Advocacy for client…Nope. Client confidentiality…Nope. Following lawful instructions…Nope. Undivided loyalty…Nope. Those qualities/obligations are so ingrained in a good real estate agent that it’s a struggle not to get involved.
Those clients with fear of commitment or contracts, might see this type of agent. A facilitator, the buyer’s agent, the seller’s agent and the dual agent are all roles an active licensed real estate agent can fill, usually with a contract, detailing the commission, duration of the agreement, etc. It becomes a partnership for the stated duration of the contract, a solemn commitment. That commitment must go both ways between the client and the agent and between the agent and the client. If it doesn’t, facilitator is the perfect role for the agent to fill.
Focused on Home Buyers and Sellers in Brockton, Abington, Whitman, Hanson, Halifax and East Bridgewater