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.
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