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 10/20 10%ClearMainly clear. Low 11C.Tomorrow 10/21 10%Partly CloudySunshine and clouds mixed. High 21C. Winds S at 10 to 15 km/h.Sunday 10/22 10%Partly CloudyIntervals of clouds and sunshine. High 22C. Winds SSE at 10 to 15 km/h.Monday 10/23 90%RainRain early...then remaining cloudy with showers in the afternoon. High 16C. Winds SSW at 10 to 15 km/h. Chance of rain 90%. Rainfall around 12mm.