Bethany and Niel take their responsibilities for legal compliance most seriously.
The State of Alaska Real Estate Commission governs relationships between real estate licensees and the consumer public of buyers and sellers.
A licensee can represent a buyer, or a seller, or perform a neutral role between them. These are described in the State Consumer Pamphlet which you can download from the links below.
A licensee can represent a buyer, or a seller, or perform a neutral role between them. These are described in the State Consumer Pamphlet which you can download from the links below. There is also a link to the Real Estate Commission's web site.
Bethany and Niel take our responsibilities for legal compliance most seriously. We are clear with our clients, and with people who a considering a relationship with us. You must first have a clear understanding with us as to what you want us to do that could lead you to a purchase or sale. Until then, what we will do for you is limited to providing information of a general nature.
Do you want us to represent you?
Do you want us to provide specific assistance without representation?
Will you give written consent for us to play a neutral role, if the other party also consents?
In some respects these are distinctions without much difference. Consumers generally are property-focused. Little attention is paid to the real estate licensee’s role. However, the purchase or sale of real estate is for most people a financial and personal transaction of great consequence. To the extent that some aspects should be confidential, or must be shared, there need to be understandings in advance as to what the parties expect of the real estate licensee.
The time to consider these relationship issues is usually at these stages of a potential transaction:
- Prior to having us show you a home
- During a buyer’s consultation, when you are considering Bethany and Niel as your representatives in a purchase activity
- During a listing consultation, when you are about to put a property on the market.
Generally speaking, these topics do not come up, and are not legally required, in these situations:
- When calling for general information about a property listed for sale
- When discussing the real estate market in business or social settings
- When interfacing with a real estate licensee at an open house