Who Works for Whom?
Seller Agency (Single Agency)
- Agent will represent the best interests of the seller
- Agent will owe the seller fiduciary duties
- Agent must give the buyer all material facts so that the buyer can make an educated decision
Buyer Agency (Single Agency)
- Agent will represent the best interests of the buyer
- Agent will owe the buyer fiduciary duties
- Agent must give the seller all material facts so that the seller can make an educated decision
Transaction Broker (Dual Agency)
- Agent represents both the buyer and the seller equally
- Agent's objective is to facilitate a mutually satisfactory agreement among all parties
- Agent give all options to the buyer and the seller
- Depending on the local market, all parties may be present a contract presentation to negotiate on their own behalf
- All parties have confidentiality. Agent may do nothing to the detriment of either the buyer or the seller
- Both the buyer and the seller have a right to counsel. Before making any decisions, both parties have the right to seek outside counsel
In all relationships, as your Agent, I have a duty to act honestly with both the buyer and the seller.
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