When you work with a real estate agent in buying
or selling real estate, the National Association Of
Realtors requires that you be informed whom the agent
is representing in the transaction.
As a prospective buyer or seller, you should know that in
Massachusetts:
*It is generally assumed that, unless one or both of the
parties otherwise disclose, the agent and the
firm representing the seller is the seller's agent
and the agent and the firm representing the buyer
is the buyer's agent.
The Buyer Agent's Duties And Obligations Include:
LOYALTY: To serve your best interests ahead of anyone
else's, including their own and at all times to exercise
good faith and to disclose all known facts and information
which may influence your decisions.
OBEDIENCE: As
long as the request is legal, and within the scope of the
exercise of agency, the Agent is obligated to do as the
client asks. Something considered unreasonable may be
discussed with the client, but may not be arbitrarily
refused.
DISCRETION: To keep confidential your
private circumstances which you shared with the agent or
their firm has learned.
ACCOUNTING: Of all money,
deposits or other property entrusted to them.
A
Buyer's Agent's role is not as a salesman, but as an agent.
If you have any questions regarding the role and
responsibilities of real estate agents, please
ask.