Fearless REMAX Real Estate Broker Serving Bellevue and Seattle Washington
Category: Buyer Agency
As part of a mutual agreement, you can elect to create a buyer agency relationship between us that will entitle you to the fiduciary client level services that include:
Accounting in dealings
As a buyer’s agent, I will represent you and your interests in the purchase of your home. This is different from a typical sub-agency transaction where the buyer is not technically represented.
However, the selling agent has the duty to exercise reasonable skill and care in the performance of the Broker’s duties. This is a duty of honest and fair dealing and a duty to disclose all facts known to the broker which materially and adversely affect the consideration to be paid for the property.
A dual agency situation can arise if we have entered into an agency relationship and subsequently we look at a property listed with us. This is a potentially challenging situation because it is difficult to afford both parties full client level services.
Dual agency should only be entered into with the written agreement of both buyer and seller.
Agency is a legal relationship and a written agreement should be completed to explain all the duties and responsibilities.