Real Estate Commitment

In today's real estate market, you need to work with a company you can trust that has professionals you can rely on. Whether you are buying or selling your primary residence, a second home, or relocating to a new neighborhood, the Pacific Realty Ventures Team can help make your homeownership dreams come true.

Real Estate Agencies

It is important that you know the differences between a professional who represents a seller (the "traditional" role of a sales associate), a professional who represents a buyer, and one who represents both. In most areas, real estate professionals are now legally obliged to disclose, in writing, information on the various types of real estate agency relationships that exist. You should assume the real estate professional is working for the seller unless otherwise stated.

Seller's Agent - A real estate professional becomes a Seller's Agent by entering into a listing agreement to represent the seller's interests. Seller representation may also be created when a real estate professional shows a property on the Multiple Listing Service and "buyer agency" has not been created. The Seller's Agent can provide information to assist the buyer, but they must place the interests of the seller first. A buyer should not disclose anything to the Seller's Agent they do not want the seller to know.

Buyer's Agent - A real estate professional becomes the Buyer's Agent by entering into an agreement to represent the buyer. A Buyer's Agent can assist the seller, but does not represent the seller. The Buyer's Agent must place the interests of the buyer first. A seller should not tell the Buyer's Agent anything they would not want the buyer to know, because the Buyer's Agent must disclose any pertinent information to the buyer.

Dual Agent - Dual agency occurs when a real estate professional represents both the seller and the buyer. It can also occur when the Listing or Seller's Agent works for the same real estate firm as the Buyer's Agent. In most states, the buyer, the seller, and the Agent must agree in writing for the creation of dual agency. The Dual Agent is required to treat the buyer and seller honestly and impartially. In dual agency, the professional's duties are more limited and there is potential for conflict of interest. You may hear the terms "transaction broker" and "intermediary" in association with dual agency.

PROPERTY AND REAL ESTATE MANAGERS  

PROPERTY AND REAL ESTATE MANAGERS are the primary link between the property owner or property management firm and the tenant. Property Managers oversee the day to day management of income-producing commercial and residential properties and manage the common property of condominium associations. Property Managers may handle the financial operations of the property which includes the payment of mortgages, taxes, insurance, payroll, and maintenance bills. They also negotiate contracts for construction, maintenance, security, garbage removal and grounds keeping services. Managers periodically report to the property owners as to the status of their property.

For more details please contact:

Pacific Realty Ventures
1860 Ala Moana Blvd., Suite 110 Honolulu, Hawaii 96815
Main Line 808.983.3324 or Toll Free 866.591.0514
Fax 808.983.3325 or Toll Free 888.591.0749
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