Buyers Representation is important when you decide to buy a home in Chappaqua NY. 

NYS has codified your relationship with your Realtor and as a buyer you should make sure you understand it.  Knowing your Realtor’s responsibilities to you will make your purchase process go smoothly.  Get it right from the start and you will clear up many misunderstandings.

The relationship formed between an agent and a client is a fiduciary relationship because it is based on trust. 

The agent owes a client:

Loyalty
Diligence
Confidentiality
Reasonable Skill & Care
Obedience
Disclosure
Accountability
Buyer’s Agent

A buyer’s agent is employed to find an acceptable property for a prospective purchaser. The buyer’s agent represents the purchaser in a position of trust and confidence. He or she will negotiate the best possible price and terms for the buyer.

Seller’s Agent
Also know as a listing agent, a seller’s agent works for and represents the seller in a position of trust and confidence.  A listing contract spells out the relationship.  A seller’s agent negotiates the best possible price and terms for the seller

Disclosed Dual Agency
Dual agency is a relationship in which the agent represents both the buyer and the seller in the same real estate transaction.  Since the agent will be in a position of trust and confidence to both buyer and seller, there is the potential for a conflict of interest, especially in negotiating price and terms.  New York law requires the buyer and seller to consent to a dual agency relationship in writing.

Designated Agency
To eliminate the potential conflict of interest that arises in disclosed dual agency, New York law allows the sponsoring broker to designate a salesperson to represent the seller and another salesperson to represent the buyer.  Each designated salesperson can represent their client, without the potential for a conflict.  New York law requires a client to consent to designated agency representation in writing.

NYS DOS

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Chappaqua pair charged in $6 million extortion scheme

 WHITE PLAINS – A Chappaqua couple is accused of
extorting at least $6 million from a pianist who is
heir to a fortune through his family’s multinational
oil field company.

In a bizarre plot that allegedly spanned six years,
Vickram Bedi and Helga Invarsdottir, who run a
technology business in Mount Kisco, convinced the
victim that his computer had been hacked by foreign
nationals and that his and his family’s lives were in
danger.

The couple, arrested Thursday as they were
preparing to leave the country, are being held on $3
million bail.

“These two defendants preyed upon, duped and
exploited the fears of this victim with cold
calculations and callousness,” said Westchester
District Attorney Janet DiFiore. “The systematic
method with which they continued the larceny over
a period of more than six years is nothing short of
heartless.”

The victim, Roger Davidson, is 58 and the founder
of Soundbrush Records.

The alleged scheme started in August 2004, when
Davidson’s computer developed a virus and he took
it to the couple’s company, Datalink Computer
Services, for repairs.

The victim is the great-grandson and great-grand-
nephew of the two brothers who founded
Schlumberger Ltd., a Fortune 500 company
headquartered in Houston with offices in Paris,
France and the Hague.

He was concerned that the documents, photos and,
more importantly, the music he had written and
stored on the computer could be lost, DiFiore said.

Bedi, 36, allegedly convinced the victim that the
virus was so bad that it damaged Datalink’s
computers.

“Bedi told the victim that he had the facility, the
contacts and the means of tracking down the source
of this virus that specifically targeted the victim’s
computer and that he and his family were in grave
danger,” DiFiore said. “As a result, Bedi convinced
 the victim to not only begin paying for computer
data retrieval and security, but also to begin paying
for necessary personal physical protection.”

He later allegedly told the victim he tracked the
source to a remote village in Honduras and had his
uncle — an officer in the Indian military — pick up
the hard drive of a computer that was the source of
the virus, in a military aircraft. He said his uncle
discovered that Polish priests affiliated with Opus
Dei were threatening to harm the victim. He also
said the Central Intelligence Agency had
subcontracted with Bedi to work to prevent the
Polish priests from infiltrating the U.S. government.

Helga Ingvarsdottir, 39, an Icelandic national, and
Bedi had been charging the victim’s American
Express card $160,000 every month since 2004,
and were also receiving funds for physical
protection of the family, Harrison police Chief
Anthony Marraccini said, adding that this was
discovered during a search of the Mount Kisco
business.

“We can account for $20,000,000 being paid,”
Marraccini said.

Davidson even made Bedi a trustee of a $60 million
family trust meant to benefit Davidson and his
children, according to a civil case the two men filed
last year . Much of the trust’s assets were invested
with Wachovia Securities, and the two men sued
Wachovia, alleging that the trust lost millions of
dollars because Wachovia’s brokers had gone
forward with risky investments.

Journal News Article

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Police: Coyote Attacks Dog in Chappaqua

Incident happened Nov. 3. Dog was treated for minor injuries.

The attack occured that morning at roughly 7:30 a.m. and the coyote was scared away by the golden retriever’s owner, according to police. The incident happened on Cowdin Lane.

The dog sustained minor injuries and was treated by a veterinarian. Reports were made to the New York State Department of Environmental Conservation and the Westchester County Board of Health.

Police advise not to leave small pets outdoors.

Coyote attack in Westchester have gained notable attention this year, in the wake of a series of incidents in Rye and Rye Brook. The incidents include a June attack on a 3-year-old Rye girl and a late-summer attack on two kids in Rye Brook.

Patch Article

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