Seller Representation

  1. When a Real Estate Brokerage represents a Seller, it must do what is best for the seller of a property.

  2. A written contract, called a Listing Agreement, creates a agency relationship between the Seller and the Brokerage and establishes Seller Representation. It also explains services the Brokerage will provide, establishes a fee arrangement for the REALTOR's services and specifies what obligations a Seller may have.

  3. A Seller's Agent must tell the Seller anything known about a Buyer. For instance, if a Seller's Agent knows a Buyer is willing to offer more for a property, that information must be shared with the Seller.

  4. Confidences a Seller shares with a Seller's Agent must be kept confidential from potential Buyers and others.

  5. Although confidential information about the Seller cannot be discussed, a Buyer working with a Seller's Agent can expect fair and honest service from the Seller's Agent and disclosure of pertinent information about the property.