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From the
Michigan Association of Realtors' Disclosure Regarding
Real Estate Agency Relationships
Seller's Agent
A seller's agent, under a listing agreement with the
seller, acts solely on behalf of the seller. A seller can
authorize a seller's agent to work with subagents, buyer's
agents and/or transaction coordinators. A subagent of the
seller is one who has agreed to work with the listing
agent, and who, like the listing agent, acts solely on
behalf of the seller. Seller's agents and their subagents
will disclose to the seller known information about the
buyer which may be used to the benefit of the seller.
The duties that a seller's agent and subagent owes to the
seller include:
promoting the best interests of the seller
fully disclosing to the seller all facts that might
affect or influence the seller's decision to accept an
offer to purchase
keeping confidential the seller's motivations for selling
presenting all offers to the seller
disclosing the identities of all buyers and all
information about the willingness of those buyers to
complete the sale or to offer a higher price
Buyer's Agent
A buyer's agent, under a buyer's agency agreement with
the buyer, acts solely on behalf of the buyer. A subagent
of the buyer is one who has agreed to work with the buyer's
agent and who, like the buyer's agent, acts solely on
behalf of the buyer. Buyer's agents and their subagents
will disclose to the buyer known information about the
seller which may be used to benefit the buyer.
The duties a buyer's agent and subagent owe to the buyer
include:
promoting the best interests of the buyer
fully disclosing to the buyer all facts that might affect
or influence the buyer's decision to tender an offer to
purchase
keeping confidential the buyer's motivations for buying
presenting all offers on behalf of the buyer
disclosing to the buyer all information about the
willingness of the seller to complete the sale or to
accept a lower price
The complete agency form may be downloaded at the Michigan
Assn of Realtors or ask me for a copy!
Looking to buy a house?
I'd be happy to email you everything on the market that meets your criteria.
Details in my Buyer's
Report!
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