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As part of a mutual agreement, you can elect to create a buyer agency relationship between us that will entitle you to the fiduciary client level services that include but are not limited to:
- Loyalty. The real estate agent must act in the best interest of the buyer.
- Obedience. The agent must follow the clients lawful instructions.
- Disclosure. All material facts such as relationships between agent and other parties, existence of other offers, status of earnest money, seller’s financial condition, property’s true worth, commission split with other brokers, and legal effect of important contract provisions.
- Confidentiality. Any discussions, facts, or information that should not be revealed to others but does not include responsibility of fairness and honesty in dealings with all parties.
- Accounting in Dealings. Reporting of where any money placed in the hands of the broker is kept.
- Reasonable Skill and Care. Arriving at a reasonable purchase price and advising buyer of such, affirmatively discovering material facts and disclosing them to the buyer, investigating the material facts related to the sale.
With buyer agency, your interests will be represented in the purchase of your home. This is different from a typical sub–agency transaction where the buyer is not technically represented.
Note: Agency is a legal relationship, and a written agreement should be completed to explain all the duties and responsibilities. |
