ISLAND REALTY GROUP

NORTH WILDWOOD - WILDWOOD - WILDWOOD CREST - DIAMOND BEACH REALTORS

north wildwood, wildwood,  wildwood crest and diamond beach summer vacation rentals - north wildwood, wildwood, wildwoood crest and diamond beach homes and condos for sale - wildwood real estate for sale - wildwood realtor - island realty group - wildwoodrents - buywildwood - joewildwoodnorth wildwood, wildwood,  wildwood crest and diamond beach summer vacation rentals - north wildwood, wildwood, wildwoood crest and diamond beach homes and condos for sale - wildwood real estate for sale - wildwood realtor - island realty group - wildwoodrents - buywildwood - joewildwoodnorth wildwood, wildwood,  wildwood crest and diamond beach summer vacation rentals - north wildwood, wildwood, wildwoood crest and diamond beach homes and condos for sale - wildwood real estate for sale - wildwood realtor - island realty group - wildwoodrents - buywildwood - joewildwoodWildwood Vacation Rentals - North Wildwood , Wildwood , Wildwood Crest Condos and Homes for Rentnorth wildwood, wildwood,  wildwood crest and diamond beach summer vacation rentals - north wildwood, wildwood, wildwoood crest and diamond beach homes and condos for sale - wildwood real estate for sale - wildwood realtor - island realty group - wildwoodrents - buywildwood - joewildwood

WILDWOOD ABR CERTIFIED REALTOR - ACCREDITED BUYER REPRESENTATIVE

HOME          FEATURED RENTALS          NORTH WILDWOOD RENTALS          WILDWOOD RENTALS          WILDWOOD CREST & DIAMOND BEACH RENTALS
SEASONAL RENTALS          WILDWOOD RENTAL SEARCH          WILDWOOD RESERVATIONS          RENTAL SPECIALS          SPECIAL EVENT WEEKENDS
WINTER RENTALS          YEAR-ROUND RENTALS          ADD YOUR RENTAL PROPERTY          WILDWOOD EVENTS SCHEDULE
WILDWOOD CONDOS & HOMES FOR SALE          WILDWOOD FORECLOSURES & SHORT-SALES          OUR SALES          YOUR PROPERTY'S VALUE
IN THE KNOW          CURRENT NEWS          BUY... DON'T RENT          THINGS TO DO IN WILDWOOD          THINGS TO KNOW          INFORMATION
LOCAL BUSINESS          ABOUT ISLAND REALTY GROUP          CONTACT US


 

 

HOME

 

NORTH WILDWOOD

 

WILDWOOD

 

WILDWOOD CREST

 

RENTAL SEARCH

 

SEASONAL

 

SEPT WEEKENDS

 

WINTER RENTALS

 

YEAR-ROUND

 

FEATURED RENTAL

 

RESERVATIONS

 

ADD YOUR RENTAL

 

LISTING AGREEMENT

 

IN THE KNOW

 

CURRENT NEWS

 

BUY... NOT RENT!

 

FOR SALE

 

CMA

 

HOME SEARCH

 

THINGS TO DO

 

FUN THINGS TO DO

 

HAPPENINGS

 

INFORMATION

 

LOCAL LINKS

 

AGENTS and STAFF

 

CONTACT US

 



ISLAND REALTY GROUP


1701 New Jersey Avenue

North Wildwood NJ 08260

Office: 609.522.4999

Fax: 1.866.571.9766

 

HOME SEARCH

Do we sell property?

Yes we do!

Island Realty Group is a full-service real estate brokerage dedicated to finding you that perfect shore property. We serve the entire South Jersey Shore Area from Brigantine to the Wildwoods plus mainland Somers Point.

Now more than ever is the best time to consider realizing that dream of owning a property at the shore. Our professional sales team is standing by!

North Wildwood, Wildwood and Wildwood Real Estate for Sale and Rent - Wildwood Condo Rentals, Wildwood home for rent, wildwood house rentals, wildwood vacation rentals, fasy real estate, buywildwood, wildwoodrents, homesearch

Click house above to have  New Sale Listings Sent to you

 

 

CHECK OUT OUR ADDITIONAL WEBSITES

JoeWildwood.com

Ocean City Real Estate

Jersey Shore Real Estate Search

Buy Wildwood

Buy Stone Harbor and Avalon

Somers Point Real Estate

Rent in Wildwood

Buy Sea Isle

Fasy Real Estate

Buy Ocean City, NJ

Buy the Seashore

Ocean City, NJ

Buy Somers Point

 

Why Wildwood ..

because Wildwood has big, beautiful beaches that are FREE, beach concerts, a great boardwalk with all the amusements, shopping, rides, roller coasters, games, miniature golf,  boardwalk food for all, pizza, ice cream, french fries, deep sea fishing, charter boats, sea-doo rentals, sailing, magnificent sunsets at Sunset Lake, great restaurants an exciting  nightlife, parades, car shows, Hot rods, Irish weekends, Harley weekend, Fireman's weekend, Hereford Lighthouse, Doo-Wop museum, Convention Center, Pacific Avenue shopping, a full calendar of events, nearby attractions - Cape May County zoo, historic and quaint Cape May, ferry to Lewes, DE, Atlantic City casinos, Stone Harbor shopping, village of Cold Spring,  and so much more

COME SEE FOR YOURSELF

 


 

 

Accredited Buyer Representative / ABR

Why Use an ABR®: REALTORS® Experienced in Buyer Representation

Buying a home is no small matter. Besides being the largest financial transaction you may ever undertake, it’s probably also the most complex. There are many good reasons to work with a qualified real estate professional—especially a trained professional who has earned the Accredited Buyer’s Representative (ABR®) designation, representing best-in-class buyer services.

When you look for an ABR® before you look for a home, you’ll be served, not sold. Your interests become their interests. And you’ll be working with someone who has gone the extra mile by completing specialized training in delivering the best in buyer-representation services. Plus, a REALTOR® who has an ABR® Designation also has an established track record, with proven experience in representing the concerns of homebuyers.

The ABR® Designation is awarded through the
Real Estate Buyer’s Agent Council, or REBAC, which was founded in 1988 to promote superior buyer-representation skills and services. REBAC is an affiliate of the National Association of REALTORS® (NAR).

 

 

Descriptions of Agency: The Buyer Agency Agreement
 

There are agents, and then there are agents. Yes, it sounds confusing. That’s because the term “agent” is often used in a casual manner, referring to any real estate practitioner.

But agent also refers to someone with whom you’ve established a formal agency relationship—someone who represents your best interests in a real estate transaction and owes you fiduciary responsibilities. Agency relationships are usually established in writing with buyer agency agreements, and require:

  • loyalty
  • obedience
  • disclosure
  • confidentiality
  • reasonable care and diligence
  • accounting

The birth of buyer agency

For many years, real estate was practiced in such a manner that agency relationships were only extended to sellers. Any real estate agent who brought a buyer to the table was actually working as a sub-agent to the seller.

This all began changing in the 1980s, when buyer agency started gaining momentum in residential transactions. Today, agency laws still vary from state to state. But even if you live in a state that recognizes buyer agency, you can’t assume that you will automatically receive fiduciary responsibilities from the agent you’re working with as a potential homebuyer.

That’s why it’s vitally important to talk to the agent or broker early in your working relationship about his/her agency status. You may also want to consult your state association of REALTORS® to gain a better understanding about agency laws in your particular state, or contact the agency charged with regulating real estate professionals in your state, often referred to as the state real estate commission.

Details vary from one state to another, and each brokerage has its own contract terms within these broader guidelines. But for purposes of illustration, this table outlines how your status may affect the level of service to which you are entitled:

Are you a buyer-customer or a buyer-client?
Services will vary, depending on your agency status*
If you are a CUSTOMER (no agency relationship), an agent will: If you are a CLIENT (agency relationship), your agent will:
Maintain loyalty to the seller’s need Pay full attention to your needs
Tell the seller all that they know about you Tell you all that they know about the seller
Keep information about the seller confidential Keep information about you confidential
Focus on the seller-client’s property Focus on choices that satisfy your needs
Provide just the material facts Provide material facts as well as professional advice
Only provide price information that supports the seller’s listing price Provide price counseling based on comparable properties and their professional insights
Protect the seller Protect and guide you
Negotiate on behalf of the seller Negotiate on your behalf
Attempt to solve problems to the seller’s advantage and satisfaction Attempt to solve problems to your advantage and satisfaction

* This chart is for general illustration purposes only. Agency laws vary by state; and specific terms of individual agency contracts will vary from one agent to another.

You may not know if you’re a customer or a client.

Depending on the laws in your state, you may find yourself working with someone who is actually negotiating for the seller, not you the buyer. The best way to be certain your interests are being considered and protected is to sign a buyer agency agreement with a trained buyer’s rep, which clearly establishes client-level services and spells out what services you can depend upon.

What about dual agency?

In some cases, it will become necessary for your real estate professional to deviate from the single agency model. For example, a buyer-client may become interested in a house that also happens to be offered for sale by a seller-client of their buyer’s rep, or by the same brokerage firm. How can a buyer’s rep, in this instance, maintain complete loyalty to their buyer if he or she also owes complete loyalty to the seller?

Obviously, they can’t. But, depending on the real estate license laws in your state, and your status with the brokerage firm, the manner in which this situation is handled will vary. To get concrete answers, you should read and discuss the brokerage services disclosure statement, which should reflect your state’s agency law. If your agent hasn’t supplied a disclosure statement, you should ask for it. It spells out the different categories of agency services they provide and how they address dual agency.

Almost all states require disclosure of dual agency and often require that a buyer’s rep (or his or her brokerage firm) only act as a dual agent with the written consent of all parties to the transaction. In such a situation, the brokerage agrees to endeavor to be impartial between both parties and will not represent the interest of either party to the exclusion or detriment of the other party. Neither will they share the confidential information of one party with the other party. This is how brokerage firms and their agents strive to create win-win situations for everyone involved. There are a few states that prohibit dual agency even with disclosure and consent.

Other types of relationships

Some states also allow different types of relationships beyond agency relationships. For example, a transaction broker assumes responsibility to facilitate the transaction, rather than represent one side over the other. Further obligations may also be set forth in a written contract with a client.

Even though the laws concerning agency can vary from one state to another, one thing that is constant throughout the U.S. is the obligation for all REALTORS® to comply with the National Association of REALTORS® Code of Ethics.

Issues to discuss with a buyer’s representative

Real estate agency relationships, like all business relationships, can be formed in a number of ways. In order to help talk through your options, here are several questions to ask your buyer’s rep:

  • Do you represent buyers, sellers or both?
  • What services are provided to (or excluded from) me, based on my status as a buyer-customer or buyer-client?
  • When does representation begin? When does it conclude?
  • If I’m not ready to commit to your normal term, can you offer me a one-day buyer agency agreement or a 24-hour opt-out clause?
  • How is dual agency addressed in your firm?

 

ABR® vs. Buyer's Rep: A REALTOR® Designation
 

A buyer’s representative (or simply buyer’s rep) is a licensed real estate professional who represents prospective homebuyers in their property transaction. If you’ve formalized an agency relationship, typically by signing a buyer’s rep agreement with a buyer’s rep, you can expect him or her to:

  • Understand your specific needs and wants, and locate appropriate properties.
  • Assist you in determining how much you can afford (pre-qualify your mortgage).
  • Preview and/or accompany you in viewing properties.
  • Research properties, to identify any problems or issues you should consider.
  • Advise you in formulating your offer.
  • Help you develop your negotiation strategy.
  • Provide a list of potential qualified vendors (such as inspectors, attorneys, lenders, etc.) for other related services that may be needed.
  • Keep track of all the details throughout the entire transaction—to closing and beyond.

In other words, a buyer’s rep should make your home-buying experience go as smoothly and successfully as possible.

But not all buyer’s reps are equal. A buyer’s rep who has earned the Accredited Buyer’s Representative (ABR®) REALTOR® designation has made an extra effort to raise the bar, with additional training and experience in serving you, the homebuyer. If you work with an ABR®, you can feel more confident that you’ll receive the highest level of buyer-representation services.

 

 

 

 

 


 

 wildwood rentals by island realty group, wildwood realtors selling and renting wildwood real estate in North Wildwood, Wildwood, Wildwood Crest and Diamond Beach New Jersey plus Wildwood special events and Wildwood Beach Information

1701 New Jersey Avenue - North Wildwood, NJ 08260

Office: 609.522.4999          e-Fax: 1.866.571.9766

Rentals@IRGroupNJ.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Copyright ISLAND REALTY GROUP Date Last Updated:  August 24, 2021