Alexandria, Lorton, Woodbridge Virginia Real Estate: Selling Your Home Due to a Divorce? Whose Side is the REALTOR® On?

Sunday, November 27, 2011

Selling Your Home Due to a Divorce? Whose Side is the REALTOR® On?

It is not uncommon for real estate agents to represent home sellers who are going through a divorce. In fact, I have done so many times during my 10 year career as a real estate agent. Given the sensitive nature of the transaction, it is often one that must be handled with extreme care as emotions can run high.

If you are thinking of selling your home due to a divorce, it is important to understand whose side the REALTOR® is on. Is the REALTOR® working more favorably for you or your soon to be ex-spouse?

Regardless of your marital circumstance, as long as the house is in the names of both parties, the REALTOR® represents the interest of both parties. In other words, the REALTOR®represents the current owners of the house. There is no separation of fiduciary duties and responsibilities in this case. Therefore, the agent works favorably and equally for both parties.

In addition, one party cannot influence the agent to make contractual decisions without the knowledge and consent of the other party as both signatures are required throughout the transaction. Further, the agent must treat both parties with the same level of honesty, care, and respect. Any actions to the contrary is considered unethical and should be brought to the attention of the Broker-in-Charge.

If you are going through a divorce and would like to consult with a REALTOR® experienced in this capacity, please feel free to contact me for assistance. Rest assured that any information shared will remain confidential.

Interested in buying or selling real estate in Alexandria, Lorton, Woodbridge or any of the surrounding areas in northern Virginia? Contact me for assistance! My expertise include first-time home buyers, home sellers, luxury homes, short sales, foreclosures, divorce, and relocation.