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SPECIFIC LAWFUL DUTIES

An Buyers Agent is held by law to owe specific duties to the buyer

Buyer's Agent

  • Loyalty

Must do everything possible to gain an advantage for the Buyer.

  • Obedience

Must obey all lawful instruction of the Buyer, is not obligated to obey instructions from the Seller.

Must tell Buyer everything they can find out about the Seller including the motivation for selling and any reasons the Seller may have for wanting a quick sale. Must tell Buyer everything they can find out about the property, including traffic problems, poor school system, high crime rates, etc. 

  • Confidentiality

Must keep all information about the Buyer confidential, including the Buyer's ability or willingness to pay more for the property than they are offering as well as the Buyers motivation for buying.

  • Reasonable care and diligence

Must prepare themselves through education and study to competently represent the Buyer in all matters. 

Must account to Buyer for any money or documents entrusted to them.

 
 

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