Agency Disclosure

Seller Agency Occurs when a buyer does not sign an agreement to have the Broker represent them.

  • Agent represents best interests of the seller.
  • Agent owes Seller statutory duties.
  • Agent owes Buyer and Seller honesty.
  • Agent must give Buyer all information regarding physical material defects of the property of which the agent has actual knowledge.

    Buyer Agency Occurs when a Buyer signs an exclusive Right-To-Represent Agreement with a Broker.

  • Agent represents best interests of the Buyer.
  • Agent to get Buyer acceptable price and terms on whatever home they choose to buy.
  • Agent owes Buyer and Seller honesty.
  • Agent must give Buyer all material facts regarding the physical condition of the property and the transaction of which they have actual knowledge.

    Dual Agency Occurs when a Buyer Agent sells their own listing.

  • Agent/Broker owes both parties in the transaction statutory duties.
  • Objective is to get a mutually satisfactory agreement among the parties.
  • There is confidentiality to all parties unless written permission to disclose such information is given in advance.
  • All parties may be present to contract presentation.


  • Equal Housing Opportunity MLS REALTORĀ® REALTORĀ®



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    Pat Shepard
    Long & Foster - Lake Gaston
    3840 Highway 903
    Bracey, VA 23919
    Home: 434-636-2369
    Cell: 434-917-0722
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