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.
- Friday 12/14 10%FogFog. Low -3C.Tomorrow 12/15 10%Partly CloudyAreas of freezing fog early. Partly cloudy skies. High 2C. Winds NE at 10 to 15 km/h.Sunday 12/16 10%Partly CloudyPartly cloudy. High 2C. Winds ESE at 10 to 15 km/h.Monday 12/17 20%OvercastCloudy. A few flurries or snow showers possible. High 1C. Winds NW at 15 to 30 km/h.