It is important for you as a purchaser to understand Agency! It is commonplace for the broker who lists the property for sale and the broker who works with a buyer (sometimes called the co-broker) to be paid by the owner and be the owners agents. Their duties, loyalties and faithfulness are owed to the owner and they must tell the owner all important information they know which might affect the owners decision concerning the sale of the property.
In this situation if neither broker is your buyer's agent, the brokers can provide you with:
Both brokers are obligated by law to treat you honestly and fairly. They must:
If you choose to have a real estate broker represent you as your agent (called a Buyer's Agent) you should enter into a Buyer Representation contract which will:
Buyer Orientation Pages
Information herein believed to be accurate but not warranted.