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My Realty Agent Re/Max Around Atlanta Cobb | Smyrna | Vinings | Marietta |
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BENEFITS OF BUYER AGENCY:
Although the typical agency agreement spells out the fiduciary
duties an agent must fulfill for the seller, the buyer is often left, in a
sense, as not being fully represented. However, buyers too have the option
of being represented exclusively by their own agent. Consider the following
benefits.
LOYALTY:
The real estate agent must act in the best interest of the home
buyer.
OBEDIANCE:
Must follow the lawful instructions of the principle buyer.
ALL DISCLOSURE OF MATERIAL FACTS:
Examples, but not limited to:
*Relationships between agent and other parties
*Existence of other offers
*Status of earnest money
*Sellers financial condition or situation
*Propertys true value or worth
*Commission split with other brokers
*Legal effects of important contract provisions
CONFIDENTIALITY:
Any discussions, facts, or information that should not be revealed
to others but does not include responsibility or 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.
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