| SPLITROCK
REAL ESTATE,
LLC is an Exclusive Buyer Agency
on Martha's Vineyard Island dedicated solely to the
representation, knowledgeable guidance and care of
buyers throughout the Martha's Vineyard real estate
purchase process -- and beyond. |
SplitRock
Real Estate, LLC
SplitRock Real Estate is unique
among real estate companies because we do not list properties
for sale. We do not represent sellers or their properties,
we represent buyers and their needs. As a result, there is
a clear separation between Buyer and Seller Agency through
the defined and single-minded dedication to the interests
of the buyer. The buyer is in charge, and our fiduciary responsibility
is solely to assist and protect the buyer.
Peter C. Fyler
Owner/Broker, REALTOR®
EBA,
ABR®, CBR, GRI,
RSPS, SRES®, e-PRO® |
|
For decades, real estate agents in the
state of Massachusetts have operated under the premise,
"Buyer Beware". The buyer thought, or was led
to believe that the real estate agent, or realtor as some
people generically refer to an agent, showing them property
and with whom they were spending so much time with was their
agent and friend. In fact, that agent owed a prescribed
loyalty to the seller. Many times, it was only after the
transfer of Title that the buyer learned, at a cocktail
party or in conversation with their new neighbor, the good
real estate investment decision they thought they had made
was not that good after all, E.G., they could have paid
less!
Massachusetts, among many other states, has taken steps
to clarify the Law of Agency by requiring all licensed real
estate agents to present a Mandatory Agency Disclosure Form
to a prospective buyer at the first formal discussion of
a particular property. I do not believe many buyers or agents
fully understand the gravity of the obligation that this
implies, especially because it is not a contract. Despite
the changes in the Law of Agency, I still think the buyer
must beware. I think the consumer remains guardedly pessimistic
and assumes that the real estate agent's roll is that of
a facilitator; the agent just wants to get the deal done
and move on, even though the terms of the deal may not be
in the best interest of the person they are representing.
Did you know when you contact a real estate company inquiring
about one of their listed properties, the Broker represents
the Seller, not you?
Clearly, not all real estate agents are the same. A buyer
should interview the agent(s) they are considering, just
as the agent will interview the buyer to see if they are
compatible. A buyer should not only consider the agent's
experience and commitment to the business, but also the
sincerity that the agent conveys. Decide beforehand what
services you want, and take your time talking with the agent.
Ask for references and see what other people say about the
experience they had during their property search.
I do not believe that one can serve two masters. At SplitRock
Real Estate, we serve the Martha’s Vineyard real estate
buyer 100% --- 100% of the time. We are not conflicted in
our responsibility and allegiance to the buyer. The buyers
we’ve assisted in the purchase of real estate on Martha’s
Vineyard are happy and confident that the decisions they
made were empowered through knowledge and were the best
decisions for them at the time.
Please contact me if you would like
to be represented by SplitRock Real Estate. I know the Island,
the market and the entire Island wide inventory. I want
to be your Exclusive Buyer's Agent on Martha's Vineyard.
|
