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Realtor Agency in Hot Springs Arkansas
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Many states now have mandatory disclosure laws as to who the agent is working for. Before you start looking for a home, decide on what level of representation you need.
Agents working for the seller: If an agent has a home listed, then that agent is an agent of the seller. The agent has promised to do their best for the seller, not you the buyer.
Agents just working for one party in a transaction: These are agents who only represent the buyer or the seller, never both at the same time.
Agents working as a disclosed Dual Agent in a transaction: Many states allow dual agency where the agent is working on behalf of the seller and the buyer. Representation for both parties is reduced as the agent cannot disclose any confidential information for either party to the other.
Agents working merely as a transaction broker. Agents who do not sign a buyer’s agency agreement with you can help you find a home, but they cannot give any advice on negotiating the contract. They have to remain neutral.
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The city takes its name from the natural thermal water that flows from 47 springs on the western slope of Hot Springs Mountain in the historic downtown district of the city. Approximately 800,000 gallons of 143-degree water flows from the springs each day. The rate of flow is not affected by fluctuations in the rainfall in the area. Studies by National Park Service scientists have determined through carbon dating that the water that reaches the surface in Hot Springs fell as rainfall in an as-yet undetermined watershed 4,000 years earlier. The water percolates very slowly down through the earth’s surface until it reaches superheated areas deep in the crust and then rushes rapidly to the surface to emerge from the 47 hot springs. Spanish explorer Hernando DeSoto was the first European to visit what Native Americans called the Valley of the Vapors when he and his men reached the area in 1541. -- Source: Wikipedia.com
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Census Data for Hot Springs, Arkansas
| Hot Springs | Arkansas | United States | |
| Population | 35,750 | 2,673,400 | 281,421,906 |
| Median age | 42.4 | 36 | 35.3 |
| Median age for Male | 39.7 | 34.6 | 34 |
| Median age for Female | 45.3 | 37.4 | 36.5 |
| Households | 16,096 | 1,042,696 | 105,480,101 |
| Household population | 34,164 | 2,599,492 | 273,643,273 |
| Average household size | 2.12 | 2.49 | 2.59 |
| Families | 9,066 | 732,261 | 71,787,347 |
| Average family size | 2.8 | 2.99 | 3.14 |
| Housing units | 18,813 | 1,173,043 | 115,904,641 |
| Occupied units | 16,096 | 1,042,696 | 105,480,101 |
| Vacant units | 2,717 | 130,347 | 10,424,540 |
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