The buyer has a choice of two relationships with a Realtor. As a Client, a real estate company acting as a Buyers Agent must do what is best for the buyer. A written contract, called a Buyer Agency Agreement, establishes a buyer agency. It also explains services the company will provide, establishes a fee arrangement for the Realtor’s services and specifies what obligations a buyer may have. Under such an agency, a buyer will be obliged to work with that company for a period of time. In return, the confidence a buyer shares with that company will be kept confidential. As your Realtor we are also required to offer professional advice, negotiate the best price for the buyer and provide the buyer with as much information as required to make the right decision.
As a Customer, the buyer can expect to be treated fairly and honestly. It is important for the buyer to realize that under such a relationship the Realtor is technically a sub-agent of the seller so duties are owed to that seller. However, the buyer can expect the Realtor to disclose all pertinent information about a property, not misrepresent any facts, and honestly answer all questions about the property. Under such a relationship with the buyer, the Realtor must not imply that they shall negotiate a price for the buyer. Doing that would be a direct conflict with the Realtor’s sub-agency relationship with the seller and a violation of our rules and regulations.