When a real estate Brokerage is acting as a “seller’s agent,” it must do what is best for the seller of a property.
A written contract, called a “Listing Agreement”, establishes seller agency. It also explains services the Brokerage will provide, establishes a fee arrangement for the REALTOR’S services and specifies what obligations a seller may have.
A seller’s agent must tell the seller anything known about a buyer. For instance, if a seller’s agent knows a buyer is willing to offer more for a property, that information must be shared with the seller.
Confidences a seller shares with a seller’s agent must be kept confidential from potential buyers and others.
Although confidential information about the seller cannot be discussed, a buyer working with a seller’s agent can expect fair and honest service from the seller’s agent and disclosure of pertinent information about the property.
- Today 05/24 0%ClearSunny. High near 20C. Winds WSW at 10 to 15 km/h.Tomorrow 05/25 30%Chance of RainA few showers in the morning, then clouds lingering in the afternoon. High 21C. Winds WSW at 15 to 25 km/h. Chance of rain 30%.Saturday 05/26 50%Chance of a ThunderstormScattered thunderstorms. High 22C. Winds S at 10 to 15 km/h. Chance of rain 50%.Sunday 05/27 20%Partly CloudyCloudy early with partial sunshine expected late. A stray shower or thunderstorm is possible. High 22C. Winds SW at 10 to 15 km/h.