| Q: What is a Buyer's Agent? |
| A: A Buyer's Agent represents the interests of the Buyer in a real estate transaction. |
The real estate purchaser, or Buyer, is the Client of the Buyer's Agent.
The Buyer's Agent's duties to the Buyer are:
- Undivided Loyalty
- Obedience
- Diligence
- Disclosure
- Confidentiality
- Accountability
- Reasonable Skill & Care
All duties are fiduciary. This means that by law, these duties are owed exclusively to the Buyer --- NOT the Seller. |
SERVICES THE BUYER'S AGENT PROVIDES.
DURING THE SEARCH PROCESS: |
- Arrange property showing that meet the Buyer's needs
- Provide information about the home or property, community, schools, taxes, utilities and zoning.
- Disclose any information about the property that can be obtained from any source.
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| DURING THE OFFERING PROCESS: |
- Prepare a competitive market analysis of the property for the Buyer.
- Counsel the Buyer on what price to offer the Seller.
- Show what other Buyers are paying for property in the area.
- Assist in writing an offer with the Buyer's interests in mind.
- Negotiate the best price and terms for the Buyer.
- Keep the price capabilities and objectives of the Buyer confidential, and maintain anonymity if desired.
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| DURING THE CLOSING PROCESS: |
- Assist with the loan application process.
- Monitor all dates, events and requirements for the Buyer.
- Attend the closing with the Buyer.
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|
Q: What is a Seller's Agent? |
| A: A Seller's Agent represents the interests of the Seller in a real estate transaction. |
The real estate property owner, or Seller, is the Client of the Listing, or Seller's Agent.
The Seller's Agent's duties to the Seller are:
- Undivided Loyalty
- Obedience
- Diligence
- Disclosure
- Confidentiality
- Accountability
- Reasonable Skill & Care
All duties are fiduciary. This means that by law, these duties are owed exclusively to the Seller --- NOT the Buyer. |
SERVICES THE SELLER'S AGENT PROVIDES.
DURING THE LISTING PROCESS: |
- Prepare competitive market analysis of the Seller's home or property.
- Develop and implement effective marketing strategies for the Seller, including asking price, staging and positioning.
- Inform the Seller what prices other homes and properties have sold for in the area.
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| DURING THE NEGOTIATING PROCESS: |
- Present all offers and counsel Seller on what price to accept.
- Negotiate exclusively on the Seller's behalf.
- Update the seller on market conditions.
- Prepare an estimate on closing costs.
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| DURING THE CLOSING PROCESS: |
- Work closely with the Seller to assure a smooth closing.
- Monitor all dates, events and requirements for the Seller.
- Represent the Seller's interest at the Buyer's walk-through inspection.
- Attend the closing with the Seller.
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