Totally disagree with the above post. I’m sorry, but fine words butter no parsnips. Real estate agents don’t exist for the purpose of checking out the property for two reasons:
1. They don’t have the qualification, lawyers do. An estate agent would think that a preliminary contract has the power of a title deed until the latter is signed. Agents have a lot of delusions like this one and that’s to be expected: in respect of law they are not trained at university or a college, but rather through reading newspaper articles and chatting with fellow mates.
2. Agents are not liable if they are wrong and – most importantly – they are not liable by law if they don’t check things diligently or if they don’t check them at all.
An agent is a middleman and that’s that. He mediates between the parties SO THAT A CONTRACT IS CONCLUDED. That’s his clear objective, that’s what an agent is paid for. No deal, no pay: what does checking has to do with this? I wonder where this popular idea of the agent who checks things comes from. It’s not substantiated by any verifiable facts, there are a lot of facts that disprove it and yet it’s commonplace. How come!
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