Barr Realty, Inc. began as
Stanley R. Barr Real Estate in 1964. It was founded by Steve’s
fathers, Stanley R. Barr. In the beginning, it was Stan and one
other associate. The first office was located on Columbia Avenue in
Lancaster. In 1982, we opened an office in Gap at the former Gap
Bank Building. In 1984, we bought and remodeled our current office
on Pequea Avenue and Lincoln Highway. In 1986, we relocated our
Lancaster office to the corner of Columbia Avenue and Pearl Street
to a larger restored office. We have remained an independent office
and are not affiliated with any franchise company. In the areas we
serve, our name and recognition remains high and reputation for
quality service is strong.
Barr Realty, Inc. offers our sellers and buyers regional exposure through out multi-list memberships. We are members of the Lancaster Multi-List System, which covers the entire Lancaster County; and the Trend System, which includes Chester, Bucks, Berks, Delaware, Montgomery, Philadelphia, Kent DE, New Castle DE, and many, many more areas. With these affiliations, our listings are available to thousands of sales associates, and we have access to all of their listings. All of our listings are also and the world wide web through Realtor.com.
Barr Realty, Inc. offers all types of real estate services including residential sales and rentals, commercials, industrial, land development, property management, real estate and personal property auctions, and appraisal services.
To us, real estate involves much more than the buying and selling of houses. The people inside the house matter most. When it comes to your family, every member is important. We understand that your family means just as much to you as our families mean to us. That is why we work so hard to ensure that when your transaction closes, so you and your family are satisfied not only today, but for the years to come.
The new "
Agency Disclosure" law (effective Nov. 25, 1999) affects the way
real estate is practiced in Pennsylvania.
The purpose of the new law is to help consumers by clarifying, up front and in writing, who works for whom in a real estate transaction, thereby making consumers more knowledgeable about what service options are available to them. Pennsylvania joins 47 other states in clarifying agency relationships between consumers and real estate practitioners.
The new law is beneficial because it requires a clear and timely disclosure in the form of a written Consumer Notice that a consumer receives during the initial meeting with the real estate agent. This notice enables buyers, sellers, lessors and lessees to make informed decisions.
Under the new law, all licensed real estate professionals (licensees) may serve consumers in the following relationships:
--the licensee works only for the seller, owing the seller client loyalty, confidentiality and a good faith effort to find a buyer for the property.
-- the licensee works only for the buyer, owing the buyer client loyalty, confidentiality and a good faith effort to find a property for the buyer.
-- the licensee acts as the agent for both the seller and the buyer in the same transaction, with the consent of all parties. Real estate companies have buyer and seller clients; it is not possible to predict when a buyer client will choose to buy a property from a seller client.
While this may put the agent in the middle, it does assure that sellers have the greatest exposure for their properties and that buyers can make selections from the entire market. A dual agent must provide services fairly, without promoting either party's interests over the other.
-- created for the in-house transaction where both buyer and seller are represented by individual agents in the same company. It allows the agent selected by the buyer to continue representing the buyer's interest while the agent selected by the seller continues to represent the seller's interests. This allows the consumers to retain the services they sought when choosing real estate agents to advocate for them.
-- the license provides communication, document preparation services, or similar real estate related services without being an agent or advocate for either the seller or the buyer.
A transaction licensee could not disclose the fact that the seller will accept a price less than the asking price, or that the buyer will pay a higher price than the amount offered. A transaction licensee may not disclose any information deemed confidential by the consumer.
Every consumer seeking real estate services will be asked to sign the Consumer Notice which outlines their options for representation.
By requesting this form, a real estate professional is doing his job and fulfilling the requirements of the law. Even if you are attending open houses, you will be asked to sign the form.
The Consumer Notice is not a contract and does not commit the consumer to any specific relationship. You are required to sign this form at the first meeting with the agent in order to help you make informed decisions and to reduce the potential for confusion later in the transaction.
Once you select the relationship which best meets your needs, you will sign another for granting permission for such a relationship. This form will detail the duties owed to you within the chosen type of relationship.
The advantages to the consumer of the new law included the following: better understanding for whom the licensees work in a transaction; clarification of the licensee's role and responsibilities in a real estate transaction; definition of the duties real estate licensees owe to consumers; and the requirements that certain information appear, in writing, in seller buyer contracts. Consumers with questions should contact their real estate agent, or visit the Pennsylvania Association of Realtors
website at www.parealtor.org.
The Lancaster County of Realtors representing more than 1,100 members involved in all aspects of the real estate industry, is one of more than 1,800 local associations nationwide which comprise the National Association of Realtors.--this article was taken from the December 9, 1999 Real Estate Weekly.
If you have specific questions, feel free to call us.
If you have specific questions, feel free to call us.