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The Randy Brown Team |
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A SHORT GUIDE TO AGENCY
I represent Buyers as well as Sellers. I've been professionally trained not only in serving the special interests of Purchaser’s as well as Seller’s, but also in the legal responsibilities of Buyer Agency. HUNT Real Estate ERA, is neither an exclusive Seller or Buyer Brokerage firm. Therefore, I will establish with you whichever agency relationship best suits your particular wants and needs.
REAL ESTATE BROKERAGE RELATIONSHIPS
Do not assume that an agent is acting on your behalf, unless you have signed a contract with the agent’s firm to represent you. As a customer, you represent yourself. Any information that you, the customer, disclose to the agent representing another party will be disclosed to that other party. Even though licensees may be representing other parties, they are obligated to treat you honestly, give you accurate information, and disclose all known adverse material facts.
SELLER’S AGENT
The seller’s agent represents the seller only, so the buyer may be either unrepresented or represented by another agent.
The seller’s agent is responsible for performing the following duties:
promoting the interests of the seller with the utmost good faith, loyalty, and fidelity
protecting the seller’s confidences, unless disclosure is required
presenting all offers in a timely manner
advising the seller to obtain expert advice
accounting for all money and property received
disclosing to the seller all adverse material facts about the buyer that the agent knows
disclosing to the buyer all adverse material facts actually known by the agent, including:
environmental hazards affecting the property that are required to be disclosed
the physical condition of the property
any material defects in the property or in the title to the property
any material limitation on the seller’s ability to complete the contract
The seller’s agent has no duty to:
conduct an independent inspection of the property for the benefit of the buyer
independently verify the accuracy or completeness of any statement by the seller or any qualified third party
BUYER’S AGENT
The buyer’s agent represents the buyer only, so the seller may be either unrepresented or represented by another agent.
The buyer’s agent is responsible for performing the following duties:
promoting the interests of the buyer with the utmost good faith, loyalty and fidelity
protecting the buyer’s confidences, unless disclosure is required
presenting all offers in a timely manner
advising the buyer to obtain expert advice
accounting for all money and property received
disclosing to the buyer all adverse material facts that the agent knows
disclosing to the seller all adverse material facts actually known by the agent, including all material facts concerning the buyer’s financial ability to perform the terms of the transaction
The buyer’s agent has no duty to:
conduct an independent investigation of the buyer’s financial condition for the benefit of the seller
independently verify the accuracy or completeness of statements made by the buyer or any qualified third party. |
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