A Seller Agent, under a Listing Agreement with the Seller,
acts solely on behalf of the Seller. The duties that the Seller
Agent owes to the Seller include:
Promoting the best interest of the Seller at all times
Fully disclosing to the Seller all facts that might
affect or influence the Seller's diction to accept an
offer to purchase
Keeping confidential the Seller's motivation for selling
Presenting all offers to the Seller
Disclosing to the Seller all information known to the Seller's agent about the willingness of the Buyers to complete the sale or to offer a higher price.
A Buyer Agent, under a Buyer Agency Agreement, acts solely on behalf of the Buyer. A Buyer Agent will disclose to the Buyer known information about the Seller which may be used to benefit the Buyer. The duties a Buyers Agent owes to the Buyer include:
Promoting the best interest of the Buyer
Fully disclosing to the buyer all facts that might affect or influence the Buyer's decision to tender an offer to purchase
Keeping confidential the Buyer's motivation for buying
Presenting all offers on behalf of the Buyer
Disclosing to the Buyer all information known to the Buyer Agent about the Seller's willingness to complete the sale or accept a lower price.
A Licensed Realtor can be the agent of the Seller and the Buyer in a transaction, but only with the knowledge and informed consent in writing of both the Buyer and the Seller in this Dual Agency situation, the Licensed Realtor will not be able to disclose all known information to either the Seller of the Buyer. As a Dual Agent, the Licensed Realtor will not be able to provide the full range of fiduciary duties to the Seller and the Buyer.
The obligations of a Dual Agent are subject to any provisions set forth in any agreement between the Dual Agent and the Buyer and the Seller.
Specializing in Grosse Pointe, St. Clair Shores
Harrison and Chesterfield Twp, Harper Woods
Wanting to Start Off with a High Sales Price
Details of a Listing Contract
Type of Listing Contract and Agency
The Listing Agent & Basic Marketing
Marketing Your Home to Other Agents
Marketing Your Home to Homebuyers
Preparing For The Home Inspection
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