Harriet, representing both buyer and seller in a transaction is called "dual agency" and it is legal in California. It occurs when an individual agent represents both or when two agents working for the same broker represent both parties - there's no difference. Dual agency is legal in California, but whether or not it is ethical is the subject of endless debate. My personal opinion is that it is not ethical, but that's a whole different discussion.
You ask if agents representing a seller might hold back other offers (not show them to the seller) to make it easier for a buyer they also represent to get the inside track on the purchase. Sure, this happens all the time. It's not something that is easily discovered, so there's no way to know exactly how often. Agents who do this are in violation of the National Association of REALTORS (NAR) Code Of Ethics, but not all agents are NAR members. Whether or not they are breaking the law I'll leave to lawyers to say.
If you want to make an offer on a property and want to make sure the seller see's your offer, there are a gazillion ways to accomplish that. One is to request that you make a personal presentation of your offer to the seller. This isn't done much since the advent of the fax machine, but you can request it. Another is to submit a receipt with your offer that the seller (NOT their agent) can sign and return as proof of delivery (kind of like the green card we send with Registered Mail). Use your imagination...
Best of luck!... more
A burden or impediment.
A mortgage or other charge on property or assets.
For a better definition, I would consult an attorney but it sounds to me as though it means mortgages or other liens.... more
You need to write a good cover letter, include photos or video (tech age we're in), you & your son could be on the lease, how much security deposit & rent paid up front will vary from owner to owner. You just need to make the owner feel comfortable enough to lease their unit to you/your son. It would be nice if you can show the owner that you have income or assets/savings that are 3x the rent, but that's not necessarily a rule, varies.
I am not a property manager, I don't really work with renters, but I do like to show them how NOT to get scammed by "owners" trying to steal your money. Please see my profile for my 2 blog postings or Google this phrase "RED FLAGS - RENTAL SCAMS - PUBLIC BEWARE".
When your son is rich & famous, hang onto my info, I'll get him a nice home in Beverly Hills or Malibu! :)
I don't look back on this same Trulia posting for answers after mine.
Emily S. Knell
Realtor Since 1996
Realty ONE Group... more
The person that isn't their friend. I say this only because in my experience, doing business with friends is a bad idea. In my first yearor two of real estate, i did business with 2 friends who are no longer my friends today. It's just cleaner when you work with someone you don't have a personal connction to!... more
This property is a foreclosure and exact address not available on public websites such as trulia because it is not for sale at this time.
I have address for this property - please feel free to contact me if you need this info.
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Both neighborhoods are terrific neighborhoods. Laurel Canyon for example has one of the best schools in LAUSD, Wonderland. They are the type of places I would feel comfortable walking my dogs at night. For crime stats you can go to http://www.lapdonline.org/crimemap/
The Reavis Group