Westside DIGS | Digital Edition Online

April 21, 2023

DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.

Issue link: https://uberflip.westsidedigs.com/i/1497613

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Page 31 of 31

Who's In Your Corner? The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Not intended as a solicitation if your property is already listed by another broker. Real estate agents affiliated with Cold- well Banker Residential Brokerage are independent contractor agents and are not employees of the Company. ©2019 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Oppor- tunity Act. Owned by a subsidiary of NRT LLC. Coldwell Banker, the Coldwell Banker Logo, Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo service marks are registered or pending registrations owned by Coldwell Banker Real Estate LLC. CalRE#00616212 Michael Edlen DRE 00902158, Tatiana Weiss DRE 01751813, Christina Wagner DRE 01310664, Jolie Hernandez DRE 01208938, Keith Craven DRE 01239016 310.600.7422 | michael@edlenteam.com edlenteam.com | CalRE#00902158 Buy and Sell Your Home With Confidence You'll Love the Results Do you think it gives you an advantage to seek out the listing agent to represent you in buying your next home? Have you been advised by a well-meaning friend or relative that the listing agent will do their best to get you an accepted offer because it is to their advantage since they will get a higher commission, or they might even offer the seller a lower fee to encourage your offer be accepted over any others? Have you considered that the listing agent already has an allegiance to the seller, and that he must make ever y effort to get the best price and terms for the seller? Since he is required by California law to be a fiduciary to the seller, are you willing to trust that you will be dealt with equally as well? Also, if you do succeed in getting your offer accepted, how effective do you imagine the agent might be in arguing on your behalf once you have obtained building inspection results? Moreover, do you think the agent is likely to recommend as many inspections to be done, and using more thorough inspectors, if they are also the seller's agent? e definition of a "fiduciary" comes from the word "trust". It refers to anyone who holds something in trust – like a trustee. e word "trust" includes a reliance on the integrity of another person, or placing confidence in someone else. A "fiduciar y " has to educate and interpret on behalf of their client. A "fiduciary" would advise and consult about possible consequences and results of various different courses of actions. A "fiduciary" agent is one who helps guide their clients to different service providers and recommends courses of action that may be of the greatest benefit to their client, be it as a buyer or seller. The "fiduciary" agent is therefore far more involved in a consultant role. Why would you not want such an agent to be in your corner? e following is an example of how a "fiduciary" responsibility could occur regarding an agent's relationship with a buyer. If the buyer has begun negotiating the purchase of a home and a new listing comes on the market that may better serve his needs, a "fiduciary" will inform the client of the new opportunity, even though that could result in starting the purchase process all over again. Someone who is planning to sell or buy real estate might include a question about "fiduciar y " in the process of inter viewing agents. They could ask what each prospective agent thinks about the issues involved and ask for some examples of how they might demonstrate a "fiduciary" level of service. A "fiduciary" will always place the client's interests above the interests of all other parties – including the agent's own interest. By Michael Edlen, Trusted Real Estate Advisor and Consultant Do you have any plans to buy-sell-lease a home in 2023? Call me to learn your best options in this changing market.

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