Agency Relationships
The Seller’s Broker
A Seller’s Broker works only for the Seller and has a set of obligations, called fiduciary responsibilities, to the Seller. These fiduciary responsibilities include “ undivided loyalty, reasonable skill and care, confidentiality, obedience, and disclosure. ” However, a Seller’s Broker must also treat all parties, including the Buyer and the Buyer’s agent, fairly and honestly and may not make misrepresentations on matters material to the transaction.
The Limited Dual Representative
Limited Dual Representation is most likely to occur when a Buyer client of a RE/MAX Fine Properties agent wishes to view your home. Please note that this would also apply to me (and the rest of our team) if one of us showed your home to a prospective Buyer. In this scenario, the Broker (RE/MAX Fine Properties) would represent both the Buyer and the Seller with limitations on the duties owed to both. These limitations would relate primarily to the disclosure of confidential information. In addition, a brokerage firm acting in a Limited Dual Representation capacity will not be able to put one party’s interest ahead of those of the other party and cannot advise or counsel either party on how to gain an advantage at the expense of the other party.
CHRISTINE’S TEAM CALL OR TEXT 602.989.7492
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