A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

4
2015
 

A.D. Cantelmo Property Management Our Business is Property Management in Orange County California  

 

Law of Agency  

 

 

As I said last time, I am in the process of renewing my Brokers License, so I am going to share with you as I go through the process and the first part is the law of Agency.

 

Agency involving real property should be in writing, such as listings, trusts, and powers of attorney. The people involved in an agency relationship are the agent, principal (client), and third party (customer). 

 

The agent is a person who has the authority to act on the behalf of another, representing the business interests of that person. 

 

The principal is the client who gives authority to an agent to represent his or her interests in dealing with third parties. 

 

A third party is a customer who may be affected by the terms of an agreement but who is not a part of the agreement.

 

The principal hires the agent to perform a service and gives the agent authority to act for or on behalf of the principal.  The agent is in a position of trust with the principal and owes the principal certain fiduciary duties.  This creates a fiduciary relationship between the agent and the principal.  A fiduciary relationship implies a position of trust and confidence.  This applies to agency relationships in various types of industries, not just real estate. The authority given an agent is determined by the principal.  Depending upon the agency classification, the scope of authority delegated to the agent by the principal may vary greatly. 

 

Usually, the agent’s authority is categorized as general agency or special agency. General agency is a relationship in which a principal delegates ongoing tasks or duties to an agent under his or her employ.  A general agent is authorized by a principal to perform all tasks associated with the continued operation of a particular project. A general agent may have significant responsibilities and liabilities and, as a result, the principal is liable and accountable for all of the agent’s actions.   In the real estate business, a property manager is a good example of a general agent.  He or she is responsible for preserving the value of the real estate investment while generating income for the owner. In my business of Property Management in Anaheim Ca. I am a General Agent.

 

Special agency is a relationship in which a principal delegates limited tasks or specific duties to an agent under his or her employ.  A special agent is sometimes referred to as a limited agent because this is the most restricted agency relationship.  A special agent is a person employed to perform a particular task or transaction for a specified amount of time. a Real Estate Broker under a signed listing agreement is the special agent of the owner of the property.  A special agency also exists between the broker and buyer under a signed buyer representation agreement.  These agreements give the broker permission to act on the client’s behalf.  With a listing agreement, the broker is given the authority to list, market, and sell the client’s property.  With a buyer representation agreement, the broker is given the authority to represent the client on the purchase of a property.  In both examples, the agents are not able to bind the principal to a contract.  Rather, they are hired to represent the client for a certain amount of time for a specified task.                  

 

 

    A.D. Cantelmo Property   Management Specializes in Property Management in Orange County Ca.

Tenant/ Property Service
 
Marketing Property
We market your property on all the major Real Estate websites, including Zillow, Trulia, Realtor.com, and the Multiple Listing Service

Showing your Property
We make sure your Property is shown to all Qualified, interested parties. We never allow Unchaperoned shwings

Screening Tenants
We have a detailed tenant screening process. We run Credit, Criminal and Eviction checks. we check rental history, and use our more then 10 years of Property Management experience to place the Best Tenant possible in your Property

Open 7 Days a week

Contact Tony
714-313-7413
If you have hours that do not coincide with normal business hours, No Problem.


 

Featured Listings

 

Email Agent

Enter your email address and I'll reply as soon as possible.

 
Realtor Equal Housing Opportunity Multiple Listing Service
 

What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

More Reviews

Want to Know How Much Your Home is Worth?

Get Your FREE Home Market Analysis Report Right Now!

YES, SHOW ME NOW