Seasoned Broker 44 yrs experience
435-753-4577 Text or call
Trust Through Transparency with agency relationships
A Realtor might
be involved with the
following types of agency,
I can help with each
agency relationship below.
SELLER'S AGENT
A real estate agent who lists a seller's property for sale acts as the agent for a seller only, and has fiduciary duties of loyalty, full disclosure, confidentiality and reasonable care to that seller. In practical terms, the Seller hires the Seller's Agent to locate a buyer and negotiate a transaction with terms favorable to the Seller. Although the Seller's Agent has these fiduciary duties to the Seller, the Seller's Agent is, by law, responsible to all prospective buyers to treat them with honesty, fair dealing, and with good faith.
BUYER'S AGENT
A real estate agent that acts as an agent for a buyer only ("Buyer's Agent") has fiduciary duties of loyalty, full disclosure, confidentiality and reasonable care to that buyer. In practical terms, a buyer hires a Buyer's Agent to locate a suitable property and negotiate a transaction with terms favorable to a buyer. Although the Buyer's Agent has these fiduciary duties to a buyer, the Buyer's Agent is, by law, responsible to all prospective sellers to treat them with honesty, fair dealing, and with good faith.
LIMITED AGENT
A real estate agent can, with the prior written consent of a buyer and seller, represent both the buyer and seller in the same transaction ("Limited Agent"). A Limited Agent has fiduciary duties to both a buyer and a seller, but the Limited Agent is also "limited" by a separate duty of neutrality in the negotiations between a buyer and seller.
ACKNOWLEDGMENT & WAIVER
Unrepresented Buyer Disclosure, the Buyer understands and agrees with the agency relationships confirmed herein. The Buyer voluntarily waives any cause of action against the Seller's Agent and the Company that claims that the Seller's Agent and the Company are representing the Buyer or the Buyer's interests. Furthermore, the Buyer holds the Seller's Agent and the Company harmless from all liability arising out of any claim of an agency relationship between the Buyer and Seller's Agent/Company.
We do not discriminate against Race.
We do not discriminate against Sex.
We do not discriminate against any disability-handicap.
We do not discriminate against color.
We do not discriminate against Religion.
We do not discriminate against national origin. We do not discriminate against sexual orientation.
We do not discriminate against gender identity.
We do not discriminate against source of income. We do not discriminate against Familial Status.
