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Realtor Agency in Rochester Minnesota
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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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Rochester was founded by George Head in 1854[1]. Originally from Rochester, New York, Head had settled in Waukesha, Wisconsin before moving west to Minnesota. He named his new settlement after his New York hometown. In 1857 Rochester was named the Olmsted County seat. Rochester was a stagecoach stop for travelers who journeyed between Saint Paul, Minnesota, and Dubuque, Iowa. When the railroad came to town in the 1860s, it brought new residents and business opportunities. On August 21, 1883, a tornado demolished much of Rochester, leaving thirty-seven dead and several thousand wounded. There was no medical facility at the time, so Dr. William W. Mayo and his two sons worked together to care for the wounded. $60,000 in donations were collected and the Sisters of St. Francis, assisted by Dr. Mayo, opened a new facility named St. Marys Hospital in 1889.[2] The Mayo practice grew immensely and today is one of the largest and most well-respected medical facilities in the world. -- Source: Wikipedia.com
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Census Data for Rochester, Minnesota
| Rochester | Minnesota | United States | |
| Population | 85,806 | 4,919,479 | 281,421,906 |
| Median age | 34.3 | 35.4 | 35.3 |
| Median age for Male | 33 | 34.4 | 34 |
| Median age for Female | 35.6 | 36.3 | 36.5 |
| Households | 34,116 | 1,895,127 | 105,480,101 |
| Household population | 82,927 | 4,783,596 | 273,643,273 |
| Average household size | 2.43 | 2.52 | 2.59 |
| Families | 21,478 | 1,255,141 | 71,787,347 |
| Average family size | 3.06 | 3.09 | 3.14 |
| Housing units | 35,346 | 2,065,946 | 115,904,641 |
| Occupied units | 34,116 | 1,895,127 | 105,480,101 |
| Vacant units | 1,230 | 170,819 | 10,424,540 |
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