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I'll Put Your Interests First!
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Buying Services for Pocono Area Home Buyers
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When a buyer engages the services of a broker then that buyer becomes the broker's client. This means the broker represents the buyer. The broker owes the buyer undivided loyalty, utmost care, disclosure, obedience to lawful instruction, confidentiality and accountability. The broker must put the buyer's interest first and negotiate for the best price and terms for his/her client, the buyer. (The buyer may also authorize subagents to represent him/her in locating property.)
Under the Buyer Agency our firm acts as Agent for the Buyer and consequently has the following additional affirmative obligations:
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To act at all times solely in the Buyer's best interest
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To obey the Buyer's instructions and to disclose all relevant information to the Buyer
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To safeguard the Buyer's confidences and to act with reasonable care and skill in representing the Buyer
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To deal fairly, honestly and professionally with the Seller.
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As an example, under Buyer Agency, the Agent would not, without the express permission of the Buyer, disclose to the Seller that the Buyer would pay a price greater than the initial offer. Specifically, as an Agent for the Buyer, we are obligated to disclose to the Buyer:
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The willingness of the Seller to accept a lower price |
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Any facts relating the urgency of the Seller's need to dispose of the Property |
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The Broker's/Agent's relationship to, or interest in, the Seller or the Property for sale |
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Any facts affecting the value of the Property |
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The length of time the Property has been on the market and any other offers or counteroffers that have been made relating to the Property |
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Any other information that would affect the Buyer's ability to obtain the Property at the lowest price and on the most favorable terms. |
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