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Getting to Yes:Negotiating Agreement Without Giving In by Roger Fisher, William Ury and Bruce Patton.
House as a Mirror of Self: Exploring the Deeper Meaning of Home by Clare Cooper Marcus.
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DISCLOSURE OF REAL ESTATE AGENCY RELATIONSHIPS

We offer three possible types of agency relationships.
They are:
1. Seller's Agent/Listing Agent
2. Buyer's Agent
3. Dual Agent
Each carries with it legal duties and responsibilities on the part of the broker/salesperson as well as the seller and buyer. After reading the explanations of agency relationships below, you will be asked to acknowledge receipt of this form.

SELLER'S AGENT/LISTING AGENT
A seller's agent acts solely on behalf of the seller. A seller's agent has fiduciary duties to the seller which include reasonable care, undivided loyalty, confidentiality and full disclosure.
Seller's agents often work with buyers, but do not represent the buyer. However, in working with a buyer a seller's agent must act honestly and fairly. A seller's agent must also disclose all information material to any transaction which is known by the broker.

BUYER'S AGENT
An agent can agree to act as an agent for the buyer. A buyer's agent acts solely on behalf of the buyer. A buyer's agent has fiduciary duties to the buyer which include reasonable care, undivided loyalty, confidentiality and full disclosure. Buyer's agents often work with seller, but do not represent the seller. However, in working with a seller, a buyer's agent must act honestly and fairly.

DUAL AGENT
Dual agency occurs when a real estate firm representing the buyer show the buyer properties where the firm has also agreed to be the agent of the seller. A real estate firm can be the agent of both the buyer and seller in a transaction with the knowledge and written consent of the buyer and seller.
A real estate firm acting as a dual agent must carefully explain to both buyer and seller that they are representing both parties and their fiduciary duties are different if they represent both parties.
When representing both seller and buyer the agent must have the express permission of the respective party in order to disclose confidential information to the other party, such as price, terms and motivation to see or buy.

Greenwich Custom Real Estate Services 200 Sound Beach Avenue P.O. Box 442 Old Greenwich, CT 06870 RealtorŪ
The publisher and associate publishers are not responsible or liable for misinformation, misprints, or typographical errors on this site.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.
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