Seller's Agent vs. Buyer's Agent: Who works for Whom?
Seller’s Agent
- Agent’s duty is to get the price and sales terms sought by the seller.
- Agent must disclose material facts.
- Agent cannot disclose personal information about the sellers without permission.
Buyer’s Agent
- Agent’s duty is to get the best possible price and terms for the buyer.
- Agent must disclose all material facts about property (bad roof, plumbing problems, etc.)
- Agent should disclose personal facts that indicate sellers will accept a reduced price (divorce, foreclosure, etc.)
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