“When you make the decision to sell your home, you are under no obligation to hire a real estate agent or broker to help you with the sale. Nonetheless, most people prefer to hire a real estate agent in order to better protect themselves and in order to put themselves in a better position to successfully sell the home in a short amount of time.
When you hire a real estate agent, you gain access to a wealth of knowledge that will help keep you out of trouble and will help provide for a smooth transaction. Here are just a few things that your real estate agent knows that you probably do not.
The Federal Fair Housing Act
According to the Federal Fair Housing Act, you cannot discriminate against someone when selling a home. The act defines seven different classes that are protected against discrimination, these include:
o National origin
o Familial status
If you do not enlist in the help of a real estate agent, you put yourself at risk of violating this act if you refuse to sell your home to an interested buyer. In addition, you might even accidentally violate these laws without realizing it. For example, there are certain words that cannot be included in your advertisements for your home because they are in violation of the Fair Housing Laws. Some of these words include:
o Bachelor apartment
o Children welcome
o Gentleman’s Farm
o Golden Agers
o Mother-in-Law quarters
o Section 8
o Singles only
As you can see, some of these terms seem perfectly innocent. Therefore, it is a good idea to get the help of a real estate agent so you can tap into his or her knowledge and experience in order to stay out of trouble.
State Real Estate Laws
Although there are similarities in real estate laws from one state to the next, each state has its own set of rules that must be followed. If you do not understand these laws or are unaware of these laws, you can inadvertently break the law when selling your home. In addition, by not being fully aware of your seller’s rights, you might actually lose out on money during the transaction.