First,
determine whether the agent represents the buyer or the seller.
Buyer’s agents represent the interests of the buyer;
seller’s agents, the interests of the seller. You can
choose the representation you want. The agent that represents
you has the responsibility to promote your interests, be loyal
and use reasonable care, follow your lawful instructions,
disclose all the material facts that may influence your decisions,
and account for the funds they handle for you.
Second,
determine how the agent will be paid. The seller’s agent
generally charges a fee or commission to list the property,
represent the seller, and sell the property. Be sure you have
a written agreement on the method and amount of compensation.
Third,
get the paperwork in order. The agent must provide written
disclosure revealing which party the agent represents: the
buyer, the seller, or both (each party must give consent to
representation by a dual agent). Read all forms carefully
before signing. Keep in mind that until you have a written
agreement, no information you reveal to the agent is confidential.
If you
choose to work with a dual agent, remember that the agent
has to consider both buyer and seller fairly and equally.