UNDERSTANDING AGENCY

Who Works For Whom?

SELLER AGENCY (Single Agency)

• Agent will represent the best interest of the seller
• Agent will owe the seller fiduciary duties
• Agent must give the buyer all material facts so that they 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 vie teh seller all materials facts so that the seller can make an educated decision

TRANSACTION BROKER (Dual Agency)

• Agent represents both the buyer and the seller equally Agent's objective is to facilitate 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 outside counsel.

In all relationships, as your Agent, I have a duty to act honestly with both the buyer and the seller.