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 the Bucks
County PA Area
An agent is required by law to provide you with an Agency Disclosure form at the first substantive involvement with a prospective client. Substantive would mean before actually showing you properties, financially qualifying you or preparing an offer to purchase. Reviewing this form provides an excellent opportunity to discuss your agents obligations to you and to review any other relationships that could materialize and under what conditions.
The 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!
Vickie Cohen Coldwell Banker Hearthside Realtors
114 South Street
Newtown, PA 18940
