Benefits of Buyer Agency
- Seller generally pays all commissions
- Buyer receives the benefits of representation at no extra cost
- Loyalty
- The real estate agent must act in the best interest of the buyer
- Obedience
- Must follow buyers lawful instructions
- Disclosure of all Material Facts
- Examples but not limited to:
- Relationships between agent and other parties
- Existence of other offers
- Status of earnest money
- Sellers financial condition
- Propertys true worth
- Commission split with other brokers
- 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
Buyer Orientation Pages
Information herein believed to be accurate but not warranted.
