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1. WELCOME
to
The Candy Connection First time
homebuyers workshop
Information provided & presented
by
Arletha (Candy) Myers, Realtor
®

2. Arletha (Candy) Myers, Realtor®
Long and Foister Real Estate
3004 Emmorton Road
Abingdon, MD 21009
Long and Foster Real Estate, Inc.
410 879-8080 (O)
443 421-1903 (C)
Bel Air

3. The broker accepts no expressed or implied liability
due to the contents of this report. Although the facts
have been obtained from sources deemed reliable
and are believed to be correct, no liability is assumed
by it author. Any unauthorized use of this report
without prior written approval is strictly prohibited.

4. Homebuyer Decides to Buy
 That’s it! I’m tired of
wasting money in
rent. I’m tired of
paying some else’s
Mortgage for them. I
think I’ll try and buy
my first home.

5. BUYER SELECTS SELLING
ASSOCIATE/BROKER
Long & Foster Real Estate, Inc. ERA
RE/M Adva
AX nce R
e alty Cen
tury
Re alty 2 1
TC
E
en Fed
P
Residential Brokerage
Coldw ell Banker
Keller Williams

6. UNDERSTANDING
WHO THE REAL
ESTATE AGENT
REPRESENTS

7. Understanding WHO represents
WHOor selling, it’s
 Whether you’re buying
important to choose representation that
meets your needs in the transaction.
 You have choices when selecting
representation in a real estate
transaction. Here are five tips for
understanding which type of legal
relationship with a real estate
professional, called an agency
relationship, will best protect you when
you buy or sell a home.

8. Buyer Agency
 When you’re buying a home, you can
hire an agent who represents only you,
called an exclusive buyer’s
representative or agent. A buyer’s
agent works in your best interest and
owes you a fiduciary duty. You can
pay your buyer’s agent yourself, or
ask the seller, or the seller’s agent, to
pay your agent a share of their sales
commission.

9. Seller Agency
 Ifyou’re selling your home and hiring an
agent to list it exclusively, you’ve hired a
selling representative—an agent who
owes fiduciary duties to you. Typically,
you pay a selling agent a commission at
closing. Selling agents usually offer or
agree to pay a portion of their sales
commission to the buyer’s agent.

10. Sub agency
 When you purchase a home, the agent you can opt to
work with may not be your agent at all, but instead
may be a subagent of the seller. In general, a
subagent represents and acts in the best interest of
the sellers and sellers’ agent.
 If your agent is acting as a subagent, you can expect
to be treated honestly, but the subagent owes loyalty
to the sellers and their agent and can’t put your
interests above those of the sellers. In a few states,
agents aren’t permitted to act as subagents.
 Never tell a subagent anything you don’t want the
sellers to know.

11. Dual Agency
 In many states, agents and companies can represent both
parties in a home sale as long as that relationship is fully
disclosed. It’s called disclosed dual agency. Because dual
agents represent both parties, they can’t be protective of and
loyal to only you. Dual agents don’t owe all the traditional
fiduciary duties to clients. Instead, they owe limited fiduciary
duties to each party.
 Why would you agree to dual agency? Suppose you want to
buy a house that’s listed for sale by the same real estate
brokerage where your buyer’s agent works. In that case, the
real estate brokerage would be representing both you and the
seller and you’d both have to agree to that.
 Because there’s a potential for conflicts of interest with dual
agency, all parties must give their informed consent. In many
states, that consent must be in writing.

12. Designated Agency
A form of disclosed dual agency, “designated
agency” allows two different agents within a
single firm to represent the buyer and seller
in the same transaction. To avoid conflicts
that can arise with dual agency, some
managing brokers designate or appoint
agents in their company to represent only
sellers, or only buyers. But that isn’t required
for designated agency. A designated, or
appointed, agent will give you full
representation and represent your best
interests.

13. Nonagency relationship
 Insome states, you can choose not to
be represented by an agent. That’s
referred to as nonagency or working
with a transaction broker or facilitator.
In general, in nonagency
representation, the real estate
professional you work with owes you
fewer duties than a traditional agency
relationship. And those duties vary from
state to state. Ask the person you’re
working with to explain what he or she
will and won’t do for you.

14. Buyer determines buying
needs and purchasing power
 Buyersits with a
Lender to
determine what
they can afford to
spend on their new
home.

15. Buyers review available
properties for sale with their
agent

16. BUYER MAKES AN OFFER
TO PURCHASE
• Accept it
Reject it
Make a counter offer

17. OFFER ACCEPTED

18. Buyer & Sales Associate
arrange for Inspections
Lead Base Paint
Termite
Septic
Home Inspection
Radon
Well

19. SETTLEMENT

20. CONGRATULATIONS!
 Best Wishes for much success in your
quest for Homeownership.
 Call me if you have any questions.
 If you have already hired a Realtor®
please do not contact me.
 If you need to hire a Realtor® please
contact me for an interview

21. Accreditations

22. Arletha (Candy) Myers, Realtor®
Long and Foster Real Estate, Inc.
3004 Emmorton Road
Abingdon, MD 21009
410-879-8080 (O)
443 421-1903 (C)
Email: thecandyconnection@gmail.com
Broker/Manager Direct # 410-879-8080
Manager: Mike Scarborough

23. Arletha (Candy) Myers
Connecting Buyers & Sellers by opening one
DOOR at a TIME
Visit my webpage to tour every home for sale
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