WestonWestportHomes.com
F.A.Qs
Here is a collection of frequently asked questions that I have put together to help you in buying or selling a home. If you have any other questions, not listed here, feel free to call or send an e-mail.
By clicking on any of the questions below, you may view the answer.
Buyers
What is a Buyer's Agent?
A buyer^s agents acts exclusively on behalf of the home buyer, including
- undivided loyalty
- confidentiality
- full disclosure of relevant material information
- honesty
- obedience to lawful instruction
- accountability
- diligence
- reasonable skill and care
A buyer^s agent represents your best interests in the home buying process. In the event the buyer becomes interested in a property which is listed with the agent^s firm, the agent will become a dual agent in this transaction.
What is a Dual Agent?
Dual agency arises when an agent representing the buyer shows the buyer properties which also have been listed with the firm or those properties where the firm already agreed to be an agent of the seller. A real estate company can be the agent of both the buyer and seller in a transaction with the knowledge and written consent of both parties.
A dual agent owes both the buyer and seller the following:
- fair treatment of both parties
- information that helps both parties make educated choices
- advice and guidance
- a comparable market analysis
- negotiations to mutually agreeable terms and conditions
- confidentiality on each party^s price, terms and personal confidences
Sellers
What is a Seller's Agent?
A seller^s or listing agent acts on behalf of the seller, and has fiduciary duties to the seller, just as outlined for buyer^s agent. A seller^s agent may become a dual agent if they are also representing a buyer client on the subject property.