Understanding Agency ... Who Works for Whom?
Thursday, April 2nd 2020 7:11 pm

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.
  • Agents objective is to get a mutually satisfactory agreement among all parties.
  • Agent gives all options to the Buyer and the Seller.
  • Depending on the local market, all parties may be present at 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 family, religious, legal, or financial counsel.

In all relationships, as your Real Estate Agent, I have a duty toact honestly with both the Buyer and the Seller.

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