Jon Becker

Short Sales Tips for Sellers

If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing a different payment plan to help you get caught up; or providing a forbearance period if your situation is temporary. When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if:

• Your property is worth less than the total mortgage you owe on it.
• You have a financial hardship, such as a job loss or major medical bills.
• You have contacted your lender and it is willing to entertain a short sale.

2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional and a real estate attorney who specialize in short sales. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won't try to take advantage of your situation or pressure you to do something that isn't in your best interest. A qualified real estate professional can:

• Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).
• Help you set an appropriate listing price for your home, market the home, and get it sold.
• Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).
• Ease the process of working with your lender or lenders.
• Negotiate the contract with the buyers.
• Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.

3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include: 

• A hardship letter detailing your financial situation and why you need the short sale
• A copy of the purchase contract and listing agreement
• Proof of your income and assets
• Copies of your federal income tax returns for the past two years

4. Prepare buyers for a lengthy waiting period. Even if you're well organized and have all the documents in place, be prepared for a long process. Waiting for your lender’s review of the short-sale package can take several weeks to months. Some experts say:

• If you have only one mortgage, the review can take about two months.
• With a first and second mortgage with the same lender, the review can take about three months.
• With two or more mortgages with different lenders, it can take four months or longer.

When the bank does respond, it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one. (Your real estate attorney and real estate professional, with your authorization, can work your lender’s loss mitigation department on your behalf to prepare the proper documentation and speed the process along.)

5. Don't expect a short sale to solve your financial problems. Even if your lender does approve the short sale, it may not be the end of all your financial woes. Here are some things to keep in mind:

• You may be asked by your lender to sign a promissory note agreeing to pay back the amount of your loan not paid off by the short sale. If your financial hardship is permanent and you can’t pay back the balance, talk with your real estate attorney about your options.
• Any amount of your mortgage that is forgiven by your lender is typically considered income, and you may have to pay taxes on that amount. Under a temporary measure passed in 2007, the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act, homeowners can exclude debt forgiveness on their federal tax returns from income for loans discharged in calendar years 2007 through 2012. Be sure to consult your real estate attorney and your accountant to see whether you qualify.
• Having a portion of your debt forgiven may have an adverse effect on your credit score. However, a short sale will impact your credit score less than foreclosure and bankruptcy.

 

Jon Becker -Century 21 Northland  SFR ( Short Sale / Foreclosure Resource)

231-342-5401

www.c21jb.com

jon@c21jb.com

 

not only have I successfully completed many short sales in my real estate career but have attended many Short Sale training classes and have taken my experience and education to a higher level and achieved the National Association of Realtors SFR Certification.

5 Reasons Homeownership Trumps Renting

The seemingly endless run of bad housing news is discouraging some potential home buyers from considering a purchase. But the truth is that the advantages of homeownership have very little to do with investment gains. The best things about owning a home have a lot more to do with personal comfort and satisfaction.

Here are five of them:

· Be your own landlord. The bank can only kick you out if you don’t pay; a landlord can be much less dependable – deciding to sell the property or choosing to live there themselves.
· Paying the principal is forced savings. Yes, it’s possible that home prices will fall further. It is also possible that your 401(k) will lose value. But over the long haul, both are likely to enjoy modest gains in value.
· Fixed-rate mortgages never rise – and eventually you pay them off. With mortgage rates at record lows, ( approx. 4.5% on a 30 year fixed in the Traverse City area)  people who buy now are locking in real bargains. Plus as an owner your landlord cannot raise your rent!
· Good schools. Family-sized rentals are harder to come by in areas with excellent public schools.
· Spacious properties in pleasant neighborhoods. Sizable homes in attractive communities are almost always owned – not rented.

Source: The New York Times, Ron Lieber (08/27/2010)

Contact Jon Becker - Century 21 Northland  to discuss your options and analyze your personal rent vs. buy situation.  I can almost gaurantee in the Traverse City real estate market you can buy as cheap or cheaper than you can rent and be building equity and wealth for your future!  Prices and Interest rates are at an all time low.....don't wait and regret it later!

Browse Traverse City real estate listings

Jon Becker

231-342-5401

www.c21jb.com

jon@c21jb.com

 

Farmhouse,Barn,Guest House, 160 Ac. near Lake Michigan, Dunes, State Land

State Land, Dunes, Lake Michigan, Golf

• 1,508 sq. ft., 1 bath, 4 bdrm 1 1/2 story "Farm House" - MLS® $995,000 - 160 Ac. + House & Barns

Empire Township, Leelanau County  -  Unlock the possibilities- hobby farm, orchards, hunting compound, private estate or??. Orginal 4 BR farmhouse w/ newerroof & siding, large barn & horse corral + several sheds, possible 1 car garage, small guest house and beautiful rolling 160 acres of mostly hardwoods that adjoins National Park Land & close to tons more + state land. Very close to Empire, Lake Michigan, Sleeping Bear Dunes,airport, golf course, campgrounds & more. Top rated Glen Lake schools. Make this your opportunity

Property information

Spectacular Panoramic Bay Views

Garfield Township, Grand Traverse County  -  Announcing a price reduction on 4794 Grayhawk Blvd, a lot / land. Now MLS® $117,000 - REDUCED $28,000.  Land Contract terms available.  Views of both bays, Power Island, OMP, and city lights.

Property information

Pros and Cons of Going Condo

Condominiums and townhouses offer an affordable option to single-family homes in many markets, and they’re ideal for those who appreciate a maintenance-free lifestyle. But before you buy, make sure you do your legwork. These are some of the important elements to consider:

If you are considering a condo in the Traverse City real estate market contact Jon , your Traverse City real estate agent, to discuss your options and which complexes / areas may best gfit your needs and lifestyle.  There are currently 374 condo listings in Grand Traverse County ranging in price from $18,900 for a 1/4 share fractional on the bay to a brand new luxury downtown penhouse with bay views for $1,270,000 and everything in between. 

www.c21jb.com to search ALL Traverse City real estate listings and local information.

Jon Becker - Century 21 Northland

231-342-5401

jon@c21jb.com

 

 

5 Property Tax Questions you need to ask

Mortgage Interest Rates as low as 3.95%

Mortgage applications to purchase homes rose 0.3 percent on an adjusted basis last week, virtually unchanged from the previous week, according to the Mortgage Bankers Association weekly survey.

On an unadjusted basis, purchases decreased 0.3 percent compared with the previous week and were 34.1 percent lower than they were the same week a year ago.

This trough in purchases comes despite the fact that 30-year fixed rate mortgages are at the lowest level they’ve been since the MBA began keeping track:

• 30-year fixed-rate mortgages decreased to 4.57 percent from 4.60 percent.
• 15-year fixed-rate mortgages decreased to 3.95 percent from 4.03 percent.
• 1-year ARMs decreased to 7 percent from 7.10 percent.

Source: Mortgage Bankers Association (08/11/2010)

As noted in my previous blog home sales are firming up and have stopped dropping, actually are increasing slightly on a National level but also in the Traverse City real estate market.  If you are at all considering purchase a home now is the time!  Interest rates are at all time lows and prices, today, still are as well.   Do not wait thinking you will get a better deal in 6 months or next summer.  Contact Jon today for your Traverse City real estate needs!

 

Buyers: In todays competitive market many homes (especially the "great deals") and properties are sold  even before they are advertised to the public. With my New Listings Notification System you can instantly be sent any new properties matching your parameters from my website or take it one step further and contact me and ask to be setup on my auto-prosepcting program directly from the Traverse City multiple listing service and recieve ALL new Traverse City MLS listings or price changes within 15 minutes  of them hitting the Traverse City MLS, giving you, my clients ,FIRST DIBS and being a step ahead of the competition!  Looking for bank foreclosured homes or short sales ? Contact me  for a complete list of local foreclosures & short sales with advice on the special buying process for these properties. See what my other buyers, sellers and collegues have to say about me on my "Client Testimonials" page.  Traverse City  area residents thinking of  buying out of area? I can help with that as well. I will get you set up with a quality agent in the area you are considering all you have to do in supply me with some basic criteria and I will take it from there! 

National Home Prices are Firming Up

The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of REALTORS®.

In the second quarter, 100 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices in comparison with the second quarter of 2009, including 14 with double-digit increases; two were unchanged and 53 metros showed price declines. In the first quarter of this year 91 areas had higher prices, while only 26 MSAs experienced annual price gains in second quarter of 2009.

The national median existing single-family price was $176,900 in the second quarter, up 1.5 percent from $174,200 in the same period of 2009. The median is where half sold for more and half sold for less. Distressed homes accounted for 32 percent of second quarter sales, down from 36 percent a year ago.

Lawrence Yun, NAR chief economist, says the correction in home prices appears to have ended in 2009. “All year we’ve been seeing relatively flat national home prices, which appear to be supported by market fundamentals,” he said. “Prices in some areas remain below replacement construction costs, so even with an elevated supply of existing homes on the market we don’t expect any consequential movement in home prices for the foreseeable future. Very low inventory of newly built homes also will help to support home values.”

Yun urged caution on interpreting price data. “The median price is influenced by the mix of homes that were sold and do not reflect pure appreciation or depreciation,” he says. “The recorded home prices in many markets were significantly depressed last year because of a large percentage of distressed homes sold at discount. Now as more normal, non-distressed home sales are occurring, the median price in many areas is showing higher values.”

Total state existing-home sales, including single-family and condo, rose 9.1 percent to a seasonally adjusted annual rate of 5.61 million in the second quarter from 5.14 million in the first quarter, and were 17.3 percent above the 4.78 million-unit pace in the second quarter of 2009.

Sales increased from the first quarter in 44 states and the District of Columbia; 47 states and D.C. had increases over year-ago sales levels.

NAR President Vicki Cox Golder says record low mortgage interest rates will help cushion a summer slowdown. “As expected, sales are slowing down now that the home buyer tax credit has expired, but record-low mortgage interest rates, along with stable and affordable home prices in most areas, provide opportunities for buyers who weren’t able to take advantage of the credit,” she said.

According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage was a record low 4.91 percent in the second quarter, down from 5.00 percent in the first quarter; it was 5.03 percent in the second quarter of 2009.

“Job creation will give home buyers more confidence, but the market over the next few months is likely to be below what we would expect for the size of our growing population,” Golder says. “With improving bank balance sheets, credit restrictions should gradually improve ."

In the condo sector, metro area condominium and cooperative prices – covering changes in 55 metro areas – showed the national median existing-condo price was relatively flat at $175,700 in the second quarter, down 0.5 percent from the second quarter of 2009. Twenty-six metros showed increases in the median condo price from a year ago and 29 areas had declines; the first quarter of 2010 showed 24 metros up, while only four metros saw annual price gains in second quarter of 2009.

• Northeast: Regionally, the median existing single-family home price in the Northeast declined 3.2 percent to $238,000 in the second quarter from a year earlier. Existing-home sales in the Northeast jumped 14.9 percent in the second quarter to a level of 980,000 and are 23.6 percent above the second quarter of 2009.
• Midwest: In the Midwest, the median existing single-family home price increased 1.4 percent to $148,500 in the second quarter from the second quarter of last year. Existing-home sales in the Midwest rose 14.5 percent in the second quarter to a pace of 1.30 million and are 20.9 percent above the same period in 2009.
• South: In the South, the median existing single-family home price slipped 2.0 percent to $155,500 in the second quarter from the second quarter of 2009. Existing-home sales in the South increased 10.9 percent in the second quarter to an annual rate of 2.10 million and are 18.8 percent above a year ago.
• West: The median existing single-family home price in the West rose 2.6 percent to $219,700 in the second quarter from a year ago. Existing-home sales in the West fell 2.6 percent in the second quarter to an annual rate of 1.23 million but are 7.6 percent higher than the second quarter of 2009.

— NAR

 

 Buyers: In todays competitive market many homes (especially the "great deals") and properties are sold  even before they are advertised to the public. With my New Listings Notification System you can instantly be sent any new properties matching your parameters from my website or take it one step further and contact me and ask to be setup on my auto-prosepcting program directly from the Traverse City multiple listing service and recieve ALL new Traverse City MLS listings or price changes within 15 minutes  of them hitting the Traverse City MLS, giving you, my clients ,FIRST DIBS and being a step ahead of the competition!  Looking for bank foreclosured homes or short sales ? Contact me  for a complete list of local foreclosures & short sales with advice on the special buying process for these properties. See what my other buyers, sellers and collegues have to say about me on my "Client Testimonials" page.  Traverse City  area residents thinking of  buying out of area? I can help with that as well. I will get you set up with a quality agent in the area you are considering all you have to do in supply me with some basic criteria and I will take it from there! 

   Sellers: If you have a home or property you are considering selling in the Traverse City area please contact me for a FREE Home Evalution. This will show you an in depth comprehensive report on the current market value of your home/property and the competition,  as well as provide you with tips and suggestions on improving the marketability of your home/property and developing an aggressive marketing strategy to help you achieve the "SOLD" status you desire at the highest price possible, beating your competition! ( I average 7% MORE in sales price for my sellers than the local mls average) This service is always a FREE "No Obligation" courtesy. I work very honestly &  aggressively for my sellers and keep them consistantly up to date on changing  Traverse City real estate market conditions, what is new or sold in their area, activity and interest in their listing and all advertising and marketing.  In today's world of technology with 90+% of buyers using the internet to find their next home this is where I focus the main marketing efforts on over 150 websites, many complete with enhanced descriptions, photo slide shows, virtual tours and custom activity tracking and every Traverse City real estate listing is assigned it's own domain name. In addition if you are behind on your mortgage payments and are headed for foreclosure "don't be a statistic " contact me today find out how we can progress with a short sale to save your credit and stress level!    Please view my "Client Testimonials" page for just a few of the comments from my clients.....YOU WON'T BE DISSAPOINTED!
Selling out of area? Contact Jon and I will match you with a knowledgeable, professional agent in that area.

 

3800 + sq. ft. 3 BR 3 Bath, Golf Course, Huge Garage - Reduced $50,000!!!!

Acme Township, Grand Traverse County  -  Announcing a price reduction on 5076 Arrowhead Circle, a 3,821 sq. ft., 3 bath, 3 bdrm on World Famous Jack Nicklaus golf course- single story "Contemporary". Now MLS® $225,000 - REDUCED $50,000!!!!!!!!!!.   Motivate Seller - Make offer!

Property information

7.45-23.67 wooded acres, pole barn & shed $29,900-$74,900

7.45 wooded ac. w/barn & well

• 1 bath other "acreage w/ pole barn & well" - MLS® $29,900 - Below Market Value

Clearwater Township, Kalkaska County  -  Heavilly wooded / rolling hardwoods + 768 sq. ft. pole barn, shed, out house, well & outdoor, shower. Roads throughout property for ATV's , nature walks, or easy access to your hunting blind. Near state stand, Torch Lake, snow mobile out your door. Short drive to Traverse City, Elk Rapids, Shanty Creek, Kalkaska. Also available with 23.67 acres -$74,900 or 16.22 acres ( land only) $49,900. Price to Sell! Call agent for private viewing.

Property information

REDUCED $20K 3000+sq. ft., 4 br, 3 bath, 5.47 acres

Interlochen, Green Lake Township  -  Announcing a price reduction on 9459 Larchwood Ln., a 3,035 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $225,000 - REDUCED $20,000.   Motivated- Make offer!

Property information

Strategic Loan Defaults can damage your credit & more for years

'Strategic Defaults' Can Damage Credit for Years
Home owners who choose to default on their mortgage even though they can afford the monthly payments can expect to take a significant hit to their creditworthiness, some credit rating firms say.

A record of the default — initially as much as 200 points — stays on a credit report for seven years. This will have an impact on the defaulter’s ability to get credit of all kinds and potentially his or her ability to buy insurance and even get a job.

The debt that foreclosure erases may be considered income, and Uncle Sam may want to collect taxes.

"It's by no means a move to be undertaken lightly," says Maxine Sweet, vice president of public education for Experian.

Source: ARA Content (07/30/2010)

If you are in default on your mortgage consider trying to "short sale" your home. Depending on your individual financial situation and your lender this may be a much better option than allowing the bank to foreclosure.  Less negative credit impact and it show's that you at least attempted to get everything you could in the current market for your home. 

Contact Jon Becker - Century 21 Northland   for a free no obligation consutation on your homes current value and your best strategy for your personal situation and current market conditions.

jon@c21jb.com

www.c21jb.com

231-342-5401

 

Mortgages to Consider

Brush up on these mortgage basics to help you determine the loan that will best suit your needs.

Current fixed rate mortgages are running below 5%....prices are still great......if there ever was a great time to invest in Traverse City Real Estate  it's now!

Buyers: In todays competitive market many homes (especially the "great deals") and properties are sold  even before they are advertised to the public. With my New Listings Notification System you can instantly be sent any new properties matching your parameters from my website or take it one step further and contact me and ask to be setup on my auto-prosepcting program directly from the Traverse City multiple listing service and recieve ALL new Traverse City MLS listings or price changes within 15 minutes  of them hitting the Traverse City MLS, giving you, my clients ,FIRST DIBS and being a step ahead of the competition!  Looking for bank foreclosured homes or short sales ? Contact me  for a complete list of local foreclosures & short sales with advice on the special buying process for these properties. See what my other buyers, sellers and collegues have to say about me on my "Client Testimonials" page.  Traverse City  area residents thinking of  buying out of area? I can help with that as well. I will get you set up with a quality agent in the area you are considering all you have to do in supply me with some basic criteria and I will take it from there! 

Jon Becker - Century 21 Northland

jon@c21jb.com

www.c21jb.com

231-342-5401

 

Traverse City Film Festival Schedule

Tuesday, July 27th
6:30 PM	click to rate	Nowhere Boy Sam Taylor Wood 2009 | Opening Night, The Beatles at the Movies (A 40th Anniversary) | 98 min. ** Note: Standby Only	City Opera House	+ add to cal	sold out
7:00 PM	click to rate	The Kids Are All Right Lisa Cholodenko 2010 | Opening Night | 106 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
8:30 PM	click to rate	Opening Night Party Parties | 180 min.	Front Street 200 Block	+ add to cal	buy tickets
9:30 PM	click to rate	Twister Jan de Bont 1996 | Free Movies at Open Space Park | 113 min.	Open Space Outdoor Cinema	+ add to cal
10:00 PM	click to rate	Nowhere Boy Sam Taylor Wood 2009 | Opening Night, The Beatles at the Movies (A 40th Anniversary) | 98 min.	State Theatre	+ add to cal	buy tickets
Wednesday, July 28th
9:30 AM	click to rate	Me and Orson Welles Richard Linklater 2008 | Comedy & Drama from Home & Abroad | 114 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	Apart Together (Tuan Yuan) Wang Quan'an 2009 | Comedy & Drama from Home & Abroad | 93 min.	Milliken Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	The Secret of Kells Tomm Moore, Nora Twomey 2009 | Kids Fest | 76 min.	State Theatre	+ add to cal	buy tickets
9:30 AM	click to rate	Panels | Film Literacy: How to Be Smart by Going to the Movies in a Dumbed-Down Society Panels | 90 min.	City Opera House	+ add to cal
12:00 PM	click to rate	Lebanon, Pa. Ben Hickernell 2009 | Comedy & Drama from Home & Abroad, Featured | 100 min.	Milliken Auditorium	+ add to cal	sold out
12:00 PM	click to rate	Short Fiction 2 Shorts Programs | 110 min. screens with... Article 174 (Maadeye 174) | Faraz Fesharak 2009 Cubes | Kelly Goeller 2009 Delilah, Before | Melanie Schiele 2009 The Hardest Part | Oliver Refson 2009 The Hirosaki Players | Jeff Sousa 2010 The Pool | Thomas Hefferon 2010 Surface | Trent Hilborn, Mark Mazur 2010 Teleportation | Markus Dietrich 2009 Tit for Tat (Zahn um Zahn) | Ivana Lalovic 2009	Old Town Playhouse	+ add to cal	buy tickets
12:00 PM	click to rate	Budrus Julia Bacha 2009 | Dangerous Docs | 82 min.	State Theatre	+ add to cal	buy tickets
12:00 PM	click to rate	Castaway on the Moon (Kim Ssi Pyo Ryu Gi) Lee Hey-jun 2009 | Comedy & Drama from Home & Abroad | 116 min.	City Opera House	+ add to cal	buy tickets
12:00 PM	click to rate	Heartbreaker (L'Arnacoeur) Pascal Chaumeil 2009 | Comedy & Drama from Home & Abroad | 104 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
12:00 PM	click to rate	Film School | Sound is More Important than Picture Film School | 150 min.	Film School	+ add to cal	buy tickets
3:00 PM	click to rate	The Tillman Story Amir Bar-Lev 2009 | Dangerous Docs | 94 min. screens with... Prayers for Peace | Dustin Grella 2009	City Opera House	+ add to cal	buy tickets
3:00 PM	click to rate	The Secret in Their Eyes (El Secreto de sus Ojos) Juan José Campanella 2009 | Comedy & Drama from Home & Abroad | 129 min. ** Note: Standby Only	Lars Hockstad Auditorium	+ add to cal	sold out
3:00 PM	click to rate	Iranian Cookbook (Dastore Ashpazi) Mohammad Shirvani 2010 | Dangerous Docs | 72 min.	Milliken Auditorium	+ add to cal	sold out
3:00 PM	click to rate	12th & Delaware Rachel Grady, Heidi Ewing 2009 | Dangerous Docs | 80 min.	Old Town Playhouse	+ add to cal	buy tickets
3:00 PM	click to rate	Castaway on the Moon (Kim Ssi Pyo Ryu Gi) Lee Hey-jun 2009 | Comedy & Drama from Home & Abroad | 116 min.	State Theatre	+ add to cal	sold out
3:00 PM	click to rate	Film School | Screenwriting Film School | 150 min.	Film School	+ add to cal	buy tickets
6:00 PM	click to rate	The Infidel Josh Appignanesi 2009 | Comedy & Drama from Home & Abroad | 105 min. ** Note: Standby Only	Lars Hockstad Auditorium	+ add to cal	sold out
6:00 PM	click to rate	South of the Border Oliver Stone 2009 | Dangerous Docs | 78 min.	Milliken Auditorium	+ add to cal	buy tickets
6:00 PM	click to rate	Welcome Philippe Lioret 2008 | Comedy & Drama from Home & Abroad | 110 min.	Old Town Playhouse	+ add to cal	buy tickets
6:00 PM	click to rate	The Concert (Le Concert) Radu Mihaileanu 2009 | Comedy & Drama from Home & Abroad | 119 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
9:00 PM	click to rate	Tiny Furniture Lena Dunham 2009 | Comedy & Drama from Home & Abroad | 98 min.	City Opera House	+ add to cal	sold out
9:00 PM	click to rate	The Trotsky Jacob Tierney 2009 | Comedy & Drama from Home & Abroad | 114 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	The Man Next Door (El Hombre de al Lado) Mariano Cohn, Gastón Duprat 2009 | Comedy & Drama from Home & Abroad | 103 min.	Milliken Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	Budrus Julia Bacha 2009 | Dangerous Docs | 82 min.	Old Town Playhouse	+ add to cal	buy tickets
9:00 PM	click to rate	Shorts by Rory Kennedy Rory Kennedy | Shorts Programs | 98 min. screens with... The Fence | Rory Kennedy 2009 The Homestead Strike | Rory Kennedy 2004	State Theatre	+ add to cal	buy tickets
9:30 PM	click to rate	Finding Nemo Andrew Stanton, Lee Unkrich 2003 | Free Movies at Open Space Park | 100 min.	Open Space Outdoor Cinema	+ add to cal
11:59 PM	click to rate	Shorts for Midnight Midnight, Shorts Programs | 77 min. screens with... The Apostles | Jeff Chan 2009 The Cow Who Wanted to Be a Hamburger | Bill Plympton 2010 Dock Ellis & The LSD No-No | James Blagden 2010 How I Survived the Zombie Apocalypse | Christian Cantamessa 2009 Monsters Down the Hall | S. Vollie Osborn 2009 Off Season | Jonathan van Tulleken 2009 Winner: Best Short Film | Peter Meech 2010 Your Lucky Day | Dan Brown 2009	State Theatre	+ add to cal	buy tickets
Thursday, July 29th
9:30 AM	click to rate	Father (Farsan) Josef Fares 2009 | Comedy & Drama from Home & Abroad | 97 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	Cherry Blossoms (Kirschblüten - Hanami) Doris Dörrie 2008 | Comedy & Drama from Home & Abroad | 127 min.	Milliken Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	Kirikou and the Sorceress (Kirikou et la Sorcière) Michel Ocelot 1998 | Kids Fest | 74 min.	State Theatre	+ add to cal	buy tickets
9:30 AM	click to rate	Panels | An Intimate Interview with America’s Premier Indie Film Moguls Panels | 90 min.	City Opera House	+ add to cal
12:00 PM	click to rate	Shorts by University of Michigan Students Shorts Programs | 44 min. screens with... Camp Chapel | Bhanu Chandu 2010 Margaret and Izzey | Ben Ellmann 2010	City Opera House	+ add to cal	buy tickets
12:00 PM	click to rate	Waiting for "Superman" Davis Guggenheim 2009 | Dangerous Docs | 102 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
12:00 PM	click to rate	Viva Cuba Juan Carlos Cremata Malberti, Iraida Malberti Cabrera 2005 | A Salute to Cuban Film | 80 min. ** Note: Standby Only	Old Town Playhouse	+ add to cal	sold out
12:00 PM	click to rate	Solitary Man David Levien, Brian Koppelman 2009 | Comedy & Drama from Home & Abroad | 90 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
12:00 PM	click to rate	Film School | How to Make a Short Film Film School | 150 min.	Film School	+ add to cal	buy tickets
12:15 PM	click to rate	How to Fold a Flag Petra Epperlein, Michael Tucker 2009 | Dangerous Docs | 85 min.	Milliken Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	The Trotsky Jacob Tierney 2009 | Comedy & Drama from Home & Abroad | 114 min.	City Opera House	+ add to cal	buy tickets
3:00 PM	click to rate	Mid-August Lunch Gianni Di Gregorio 2008 | Comedy & Drama from Home & Abroad | 75 min.	Lars Hockstad Auditorium	+ add to cal	sold out
3:00 PM	click to rate	Restrepo Tim Hetherington, Sebastian Junger 2009 | Dangerous Docs | 94 min. ** Note: Standby Only	Old Town Playhouse	+ add to cal	sold out
3:00 PM	click to rate	Please Give Nicole Holofcener 2009 | Comedy & Drama from Home & Abroad | 90 min.	State Theatre	+ add to cal	sold out
3:00 PM	click to rate	His & Hers Ken Wardrop 2009 | Dangerous Docs | 80 min.	Milliken Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	Film School | Bill Plympton: Animation Master Class Film School | 150 min.	Film School	+ add to cal	buy tickets
6:00 PM	click to rate	Short Fiction 1 Shorts Programs | 120 min. screens with... Box | Anna Dobos 2010 The Cemetery Club | Yitz Brilliant 2010 The Crush | Michael Creagh 2009 God of Love | Luke Matheny 2010 Intimate Game | Chris Ullens 2008 The Man Who Slept (L'homme qui dort) | Inès Sedan 2009 Pin-Up | Tania Verduzco 2009 Underwear | Tomer Gendler 2009 Yulia | Antoine Arditti 2009	City Opera House	+ add to cal	sold out
6:00 PM	click to rate	A Brand New Life (Yeo-haeng-ja) Ounie Lecomte 2009 | Comedy & Drama from Home & Abroad | 92 min.	Milliken Auditorium	+ add to cal	sold out
6:00 PM	click to rate	Harlan: In the Shadow of Jew Süss (Harlan - Im Schatten von Jud Süss) Felix Moeller 2008 | Dangerous Docs | 99 min.	Old Town Playhouse	+ add to cal	buy tickets
6:00 PM	click to rate	Will You Marry Us? (Die Standesbeamtin) Micha Lewinsky 2009 | Comedy & Drama from Home & Abroad | 90 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
6:00 PM	click to rate	Cane Toads: The Conquest Mark Lewis 2009 | TCFF 3D! | 90 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	Legacy Thomas Ikimi 2010 | Comedy & Drama from Home & Abroad | 95 min.	City Opera House	+ add to cal	sold out
9:00 PM	click to rate	Teenage Paparazzo Adrian Grenier 2009 | Dangerous Docs | 94 min.	Milliken Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	The Elephant in the Living Room Michael Webber 2010 | Dangerous Docs | 95 min.	Old Town Playhouse	+ add to cal	buy tickets
9:00 PM	click to rate	The Infidel Josh Appignanesi 2009 | Comedy & Drama from Home & Abroad | 105 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
9:00 PM	click to rate	The Infidel Josh Appignanesi 2009 | Comedy & Drama from Home & Abroad | 105 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:30 PM	click to rate	Help! Richard Lester 1965 | Free Movies at Open Space Park, The Beatles at the Movies (A 40th Anniversary) | 90 min.	Open Space Outdoor Cinema	+ add to cal
11:59 PM	click to rate	Clash (Bay Rong) Le Thanh Son 2009 | Midnight | 100 min.	State Theatre	+ add to cal	buy tickets
Friday, July 30th
9:30 AM	click to rate	GasLand Josh Fox 2009 | Dangerous Docs | 107 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers Rick Goldsmith, Judith Ehrlich 2009 | Dangerous Docs | 94 min.	Milliken Auditorium	+ add to cal	sold out
9:30 AM	click to rate	Oblivion Island (Hottarake no Shima - Haruka to Maho no Kagami) Shinsuke Sato 2009 | Kids Fest | 99 min.	State Theatre	+ add to cal	buy tickets
9:30 AM	click to rate	Panels | We Live in Cuba and We Make Movies Panels | 90 min.	City Opera House	+ add to cal
12:00 PM	click to rate	Draquila - Italy Trembles (Draquila - L'Italia che trema) Sabina Guzzanti 2010 | Dangerous Docs | 90 min.	City Opera House	+ add to cal	buy tickets
12:00 PM	click to rate	The Happy Poet Paul Gordon 2010 | Comedy & Drama from Home & Abroad | 85 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
12:00 PM	click to rate	South of the Border Oliver Stone 2009 | Dangerous Docs | 78 min.	Old Town Playhouse	+ add to cal	buy tickets
12:00 PM	click to rate	American Radical: The Trials of Norman Finkelstein David Ridgen, Nicolas Rossier 2009 | Dangerous Docs | 84 min.	State Theatre	+ add to cal	buy tickets
12:00 PM	click to rate	Film School | Acting for the Camera Film School | 150 min.	Film School	+ add to cal	buy tickets
12:30 PM	click to rate	Smile 'Til It Hurts: The Up With People Story Lee Storey 2009 | Dangerous Docs | 79 min.	Milliken Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	8: The Mormon Proposition Reed Cowan 2010 | Dangerous Docs | 80 min.	City Opera House	+ add to cal	buy tickets
3:00 PM	click to rate	The Concert (Le Concert) Radu Mihaileanu 2009 | Comedy & Drama from Home & Abroad | 119 min.	Lars Hockstad Auditorium	+ add to cal	sold out
3:00 PM	click to rate	Horn of Plenty (El cuerno de la abundancia) Juan Carlos Tabío 2008 | A Salute to Cuban Film | 107 min.	Milliken Auditorium	+ add to cal	sold out
3:00 PM	click to rate	The Miscreants of Taliwood George Gittoes 2008 | Dangerous Docs | 93 min.	Old Town Playhouse	+ add to cal	buy tickets
3:00 PM	click to rate	When We Leave Feo Aladag 2009 | Comedy & Drama from Home & Abroad | 119 min.	State Theatre	+ add to cal	sold out
3:00 PM	click to rate	Film School | Making (and Financing) Your Film in Michigan Film School | 150 min.	Film School	+ add to cal	buy tickets
6:00 PM	click to rate	12th & Delaware Rachel Grady, Heidi Ewing 2009 | Dangerous Docs | 80 min.	City Opera House	+ add to cal	buy tickets
6:00 PM	click to rate	Cane Toads: The Conquest Mark Lewis 2009 | TCFF 3D! | 90 min.	Lars Hockstad Auditorium	+ add to cal	sold out
6:00 PM	click to rate	In the Beginning (À l'origine) Xavier Giannoli 2009 | Comedy & Drama from Home & Abroad | 135 min.	Milliken Auditorium	+ add to cal	buy tickets
6:00 PM	click to rate	A Hard Day's Night Richard Lester 1964 | The Beatles at the Movies (A 40th Anniversary) | 87 min.	Old Town Playhouse	+ add to cal	buy tickets
6:00 PM	click to rate	Heartbreaker (L'Arnacoeur) Pascal Chaumeil 2009 | Comedy & Drama from Home & Abroad | 104 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
7:30 PM	click to rate	Filmmaker Party Parties | 240 min.	Wade Trim Parking Lot	+ add to cal	buy tickets
9:00 PM	click to rate	Cleanflix Joshua Ligairi, Andrew James 2009 | Dangerous Docs | 93 min.	City Opera House	+ add to cal	buy tickets
9:00 PM	click to rate	Rush: Beyond the Lighted Stage Scot McFadyen, Sam Dunn 2010 | Dangerous Docs | 107 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	The French Kissers (Les beaux gosses) Riad Sattouf 2009 | Comedy & Drama from Home & Abroad | 90 min. screens with... Black Ops Arabesque | Jared Drake 2010	Milliken Auditorium	+ add to cal	sold out
9:00 PM	click to rate	Czech Peace (Cesky mir) Filip Remunda, Vít Klusák 2010 | Dangerous Docs | 100 min.	State Theatre	+ add to cal	buy tickets
9:30 PM	click to rate	Raising Arizona Joel Coen 1987 | Free Movies at Open Space Park | 94 min.	Open Space Outdoor Cinema	+ add to cal
11:59 PM	click to rate	Zonad Kieran Carney, John Carney 2009 | Midnight | 78 min.	Old Town Playhouse	+ add to cal	buy tickets
11:59 PM	click to rate	Tucker & Dale vs Evil Eli Craig 2009 | Midnight | 89 min.	State Theatre	+ add to cal	sold out
Saturday, July 31st
9:30 AM	click to rate	Please Give Nicole Holofcener 2009 | Comedy & Drama from Home & Abroad | 90 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	Mid-August Lunch Gianni Di Gregorio 2008 | Comedy & Drama from Home & Abroad | 75 min. ** Note: Standby Only	Milliken Auditorium	+ add to cal	sold out
9:30 AM	click to rate	Eleanor's Secret (Le secret d'Éléonore) Dominique Monfery 2009 | Kids Fest | 76 min.	State Theatre	+ add to cal	buy tickets
9:30 AM	click to rate	Panels | Here Comes Trouble: Eight Documentary Filmmakers Tell Us How They Did It and Lived to Tell Panels | 90 min.	City Opera House	+ add to cal
12:00 PM	click to rate	Waiting for "Superman" Davis Guggenheim 2009 | Dangerous Docs | 102 min.	City Opera House	+ add to cal	sold out
12:00 PM	click to rate	The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers Rick Goldsmith, Judith Ehrlich 2009 | Dangerous Docs | 94 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
12:00 PM	click to rate	His & Hers Ken Wardrop 2009 | Dangerous Docs | 80 min. ** Note: Standby Only	Milliken Auditorium	+ add to cal	sold out
12:00 PM	click to rate	Dreaming in Blue (Fuera de Liga) Ian Padron 2008 | A Salute to Cuban Film | 65 min.	Old Town Playhouse	+ add to cal	buy tickets
12:00 PM	click to rate	Father (Farsan) Josef Fares 2009 | Comedy & Drama from Home & Abroad | 97 min.	State Theatre	+ add to cal	buy tickets
12:00 PM	click to rate	Film School | Situational Ethics in Documentary Filmmaking Film School | 150 min.	Film School	+ add to cal	buy tickets
3:00 PM	click to rate	GasLand Josh Fox 2009 | Dangerous Docs | 107 min.	City Opera House	+ add to cal	buy tickets
3:00 PM	click to rate	Cherry Jeffrey Fine 2009 | Comedy & Drama from Home & Abroad | 100 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	Collapse Chris Smith 2009 | Dangerous Docs | 82 min.	Milliken Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	Shorts by Jon Alpert Jon Alpert | Shorts Programs | 148 min. screens with... Special Presentation: The Life and Work of Jon Alpert | Jon Alpert China's Unnatural Disaster: The Tears of Sichuan Province | Matthew O'Neill, Jon Alpert 2009	Old Town Playhouse	+ add to cal	buy tickets
3:00 PM	click to rate	Me and Orson Welles Richard Linklater 2008 | Comedy & Drama from Home & Abroad | 114 min.	State Theatre	+ add to cal	buy tickets
3:00 PM	click to rate	Film School | Storytelling Through Docs Film School | 150 min.	Film School	+ add to cal	buy tickets
6:00 PM	click to rate	Strawberry and Chocolate (Fresa y Chocolate) Tomás Gutiérrez Alea, Juan Carlos Tabío 1994 | A Salute to Cuban Film | 108 min. ** Note: Standby Only	City Opera House	+ add to cal	sold out
6:00 PM	click to rate	U2 3D Catherine Owens, Mark Pellington 2007 | TCFF 3D! | 85 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
6:00 PM	click to rate	Auto*mate (Auto*mat) Martin Marecek 2009 | Dangerous Docs | 90 min.	Milliken Auditorium	+ add to cal	buy tickets
6:00 PM	click to rate	Mike's Surprise Special Screenings | 99 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
6:30 PM	click to rate	The Tillman Story Amir Bar-Lev 2009 | Dangerous Docs | 94 min. screens with... Prayers for Peace | Dustin Grella 2009	Old Town Playhouse	+ add to cal	buy tickets
9:00 PM	click to rate	The Miscreants of Taliwood George Gittoes 2008 | Dangerous Docs | 93 min.	City Opera House	+ add to cal	buy tickets
9:00 PM	click to rate	Heartbreaker (L'Arnacoeur) Pascal Chaumeil 2009 | Comedy & Drama from Home & Abroad | 104 min.	Lars Hockstad Auditorium	+ add to cal	sold out
9:00 PM	click to rate	Restrepo Tim Hetherington, Sebastian Junger 2009 | Dangerous Docs | 94 min.	Milliken Auditorium	+ add to cal	sold out
9:00 PM	click to rate	The Man Next Door (El Hombre de al Lado) Mariano Cohn, Gastón Duprat 2009 | Comedy & Drama from Home & Abroad | 103 min.	Old Town Playhouse	+ add to cal	buy tickets
9:00 PM	click to rate	Draquila - Italy Trembles (Draquila - L'Italia che trema) Sabina Guzzanti 2010 | Dangerous Docs | 90 min.	State Theatre	+ add to cal	buy tickets
9:30 PM	click to rate	Indiana Jones and the Last Crusade Steven Spielberg 1989 | Free Movies at Open Space Park | 127 min. screens with... Gandhi at the Bat | Stephanie Argy, Alec Boehm 2006	Open Space Outdoor Cinema	+ add to cal
11:59 PM	click to rate	The French Kissers (Les beaux gosses) Riad Sattouf 2009 | Comedy & Drama from Home & Abroad | 90 min. screens with... Black Ops Arabesque | Jared Drake 2010	Old Town Playhouse	+ add to cal	buy tickets
11:59 PM	click to rate	Rush: Beyond the Lighted Stage Scot McFadyen, Sam Dunn 2010 | Dangerous Docs | 107 min.	State Theatre	+ add to cal	buy tickets
Sunday, August 1st
9:00 AM	click to rate	Reel *** Neil Diamond 2009 | Native American Matinee, Special Screenings | 89 min.	State Theatre	+ add to cal	sold out
9:30 AM	click to rate	The Elephant in the Living Room Michael Webber 2010 | Dangerous Docs | 95 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	Welcome Philippe Lioret 2008 | Comedy & Drama from Home & Abroad | 110 min.	Milliken Auditorium	+ add to cal	buy tickets
9:30 AM	click to rate	Panels | The Comedy Panel Panels | 90 min.	City Opera House	+ add to cal
12:00 PM	click to rate	Jeff Garlin's Gem: Dodsworth William Wyler 1936 | Special Screenings | 101 min.	City Opera House	+ add to cal	buy tickets
12:00 PM	click to rate	When We Leave Feo Aladag 2009 | Comedy & Drama from Home & Abroad | 119 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
12:00 PM	click to rate	The Oath Laura Poitras 2010 | Dangerous Docs | 95 min.	Milliken Auditorium	+ add to cal	buy tickets
12:00 PM	click to rate	Short Documentaries Shorts Programs | 110 min. screens with... Blackwater's Youngest Victim | Jeremy Scahill 2010 Finding Mr. and Mrs. Right: Dubai Style | Elham Sharaf, Hind Al Hammadi 2009 A Harlem Mother | Ivana Todorovic 2010 How to Save a Fish from Drowning | Kelly Neal 2007 Parasites: A User's Guide | Sharon Shattuck 2010	Old Town Playhouse	+ add to cal	buy tickets
12:00 PM	click to rate	The Last Command (with the Alloy Orchestra) Josef von Sternberg 1928 | Special Screenings | 88 min.	State Theatre	+ add to cal	buy tickets
3:00 PM	click to rate	Google Baby Zippi Brand Frank 2009 | Dangerous Docs | 71 min.	City Opera House	+ add to cal	buy tickets
3:00 PM	click to rate	Mike's Surprise Special Screenings | 99 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	Apart Together (Tuan Yuan) Wang Quan'an 2009 | Comedy & Drama from Home & Abroad | 93 min.	Milliken Auditorium	+ add to cal	buy tickets
3:00 PM	click to rate	Cleanflix Joshua Ligairi, Andrew James 2009 | Dangerous Docs | 93 min.	Old Town Playhouse	+ add to cal	buy tickets
3:00 PM	click to rate	Cherry Blossoms (Kirschblüten - Hanami) Doris Dörrie 2008 | Comedy & Drama from Home & Abroad | 127 min.	State Theatre	+ add to cal	buy tickets
6:00 PM	click to rate	11/4/08 Jeff Deutchman 2009 | Dangerous Docs | 70 min.	City Opera House	+ add to cal	buy tickets
6:00 PM	click to rate	Lebanon, Pa. Ben Hickernell 2009 | Comedy & Drama from Home & Abroad, Featured | 100 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
6:00 PM	click to rate	Castaway on the Moon (Kim Ssi Pyo Ryu Gi) Lee Hey-jun 2009 | Comedy & Drama from Home & Abroad | 116 min.	Milliken Auditorium	+ add to cal	sold out
6:00 PM	click to rate	Teenage Paparazzo Adrian Grenier 2009 | Dangerous Docs | 94 min.	Old Town Playhouse	+ add to cal	buy tickets
6:00 PM	click to rate	The Girl Who Played with Fire Daniel Alfredson 2009 | Closing Night | 129 min. ** Note: Standby Only	State Theatre	+ add to cal	sold out
8:00 PM	click to rate	Closing Night Party Parties | 180 min.	Park Place Dome	+ add to cal	buy tickets
9:00 PM	click to rate	Solitary Man David Levien, Brian Koppelman 2009 | Comedy & Drama from Home & Abroad | 90 min. ** Note: Standby Only	City Opera House	+ add to cal	sold out
9:00 PM	click to rate	Will You Marry Us? (Die Standesbeamtin) Micha Lewinsky 2009 | Comedy & Drama from Home & Abroad | 90 min.	Lars Hockstad Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	American Radical: The Trials of Norman Finkelstein David Ridgen, Nicolas Rossier 2009 | Dangerous Docs | 84 min.	Milliken Auditorium	+ add to cal	buy tickets
9:00 PM	click to rate	In the Beginning (À l'origine) Xavier Giannoli 2009 | Comedy & Drama from Home & Abroad | 135 min.	Old Town Playhouse	+ add to cal	buy tickets
9:00 PM	click to rate	The Secret in Their Eyes (El Secreto de sus Ojos) Juan José Campanella 2009 | Comedy & Drama from Home & Abroad | 129 min.	State Theatre	+ add to cal	sold out
9:30 PM	click to rate	Mary Poppins Robert Stevenson 1964 | Free Movies at Open Space Park | 139 min.	Open Space Outdoor Cinema	+ add to cal

 

 

Jon Becker - Century 21 Northland

jon@c21jb.com

www.c21jb.com  Traverse City real estate listings, photos, and all Traverse City area information

Understanding real estate Agency Relationships

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you:

Seller's representative (also known as a listing agent or seller's agent)
A seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract.

Buyer's representative (also known as a buyer’s agent)
A buyer’s agent is hired by prospective buyers to represent them in a real estate transaction. The buyer's rep works in the buyer's best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer's rep may be paid by the seller or through a commission split with the seller’s agent.

Subagent
A subagent owes the same fiduciary duties to the agent's customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers. ( NOTE: Subagency is not typically practiced in the Traverse City real estate market)

Disclosed dual agent
Dual agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it's vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states.

Designated agent (also called appointed agent)
This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees.

Nonagency relationship (called, among other things, a transaction broker or facilitator)
Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

Whether buying or selling contact Jon Becker - Century 21 Northland  for all your Traverse City real estate needs.

ABR, Green, SFR, certified Relocation "A" Team member

231-342-5401

jon@c21jb.com

www.c21jb.com