Find us on Facebook
Agency is a Fiduciary Relationship between a Buyer and the Agent (Broker-in-charge). A written agency agreement is required to establish a buyer agency relationship. By signing an exclusive right to buy, buyer agency agreement, your real estate agent is required by law to provide you with fiduciary duties to include loyalty, obedience, disclosure, confidentiality, reasonable care, diligence, and accounting. In doing so, the agent must represent and promote your best interests above all other interests. The two fiduciary duties that are paramount in this relationship areConfidentiality and Accounting.
You should never agree to look at homes or have any significant real estate discussion with an agent unless you have signed an agency agreement. Without the written agreement, your rights and interests are cannot be protected by law. To ensure all your rights are protected, to include confidential information, you must ask the agent for Agency Representation. You should not sign a long term agreement however. We only ask our clients to sign the agreement for about two hours initially. During this time, you and I can share information without worrying about your confidential information being shared with the Seller. At the conclusion of the initial meeting, you will have all your questions answered and the information you need to make an informed decision as to which agent will best represent your interest. If you determine that you would like to work with me, we will extend the agency agreement for as long as you would like to extend the agreement. Typically, we should not need to extend the agreement for more than one week. Additionally, if you ever feel that I am not providing you with the representation you deserve, just let me know that you would like to terminate our agreement, and I will terminate immediately with no questions asked. You can then get another Agent with the knowledge that all confidential information you provided to me, will be kept confidential by law.
If you are serious about buying real estate, you owe it to yourself to ensure your confidential information is kept confidential. This will most likely be the largest investment you will ever make. With the Success Team, you will never pay for this legal representation so long as you, as the buyer, meet your obligations under this agreement. Unfortunately, many agents neglect to share with clients that the client also has legal obligations. With the Success Team, you will know everything you need to know to ensure you can make an informed decision.