Selling a Home

Seller’s Agent:
When a seller engages the services of a listing broker, that seller becomes the broker’s client. This means the broker, and his/her subagents represent the seller. They owe the seller undivided loyalty, utmost care, disclosure, obedience to lawful instruction, confidentiality and accountability. They must put the seller’s interest first and negotiate for the best price and terms for their client, the seller. (The seller may also authorize subagents to represent him/her in marketing the property to buyers). Under this option, our sales agents have these additional affirmative obligations:

To act at all times solely in the Seller’s best interests
To obey the Seller’s instructions and to disclose all relevant information to the Seller
To safeguard the Seller’s confidences and to act with reasonable care and skill in representing the Seller
To deal fairly, honestly, and professionally with the Buyer
To disclose to the Buyer all material defects about which the agent knows concerning the Seller’s property

 

As an example, under Seller Agency, the Agent could not, without the express permission of the Seller, disclose to the Buyer that the Seller will accept a price less than the listed price. Specifically, as an Agent for the Seller, we are obligated to disclose to the Seller:

All offers to purchase the Seller’s Property
The identity of all potential Purchasers
Any facts affecting the value of the Property
Information concerning the ability or willingness of the Buyer to complete the sale or to offer a higher price
The Broker’s or Agent’s relationship to, or interest in, a prospective Buyer
A Buyer’s intention to subdivide the Property for resale for a profit
And any other information that might affect the Seller’s ability to obtain the highest price and best terms in the sale of his Property.

When a seller engages the services of a listing broker, that seller becomes the broker’s client. This means the broker, and his/her subagents represent the seller. They owe the seller undivided loyalty, utmost care, disclosure, obedience to lawful instruction, confidentiality and accountability. They must put the seller’s interest first and negotiate for the best price and terms for their client, the seller. (The seller may also authorize subagents to represent him/her in marketing the property to buyers). Under this option, our sales agents have these additional affirmative obligations:

To act at all times solely in the Seller’s best interests
To obey the Seller’s instructions and to disclose all relevant information to the Seller
To safeguard the Seller’s confidences and to act with reasonable care and skill in representing the Seller
To deal fairly, honestly, and professionally with the Buyer
To disclose to the Buyer all material defects about which the agent knows concerning the Seller’s property

As an example, under Seller Agency, the Agent could not, without the express permission of the Seller, disclose to the Buyer that the Seller will accept a price less than the listed price. Specifically, as an Agent for the Seller, we are obligated to disclose to the Seller:

All offers to purchase the Seller’s Property
The identity of all potential Purchasers
Any facts affecting the value of the Property
Information concerning the ability or willingness of the Buyer to complete the sale or to offer a higher price
The Broker’s or Agent’s relationship to, or interest in, a prospective Buyer
A Buyer’s intention to subdivide the Property for resale for a profit
And any other information that might affect the Seller’s ability to obtain the highest price and best terms in the sale of his Property.

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