A real estate agent represents the best interest of their client – whether that client is the buyer or the seller.
I believe it is important to understand all the types of relationships that a real estate agent can have with their clients so that you know what to expect from me.
Real estate agents have a strict code of ethics when dealing with their clients. We take courses to understand the ethics of business and the laws that govern out actions. In real estate, there are three different forms of agency relationship:
Vendor's (Seller’s) Agent: When I am acting as the seller’s agent, I am working in the best interests of the seller of the property. When I am the seller’s agent and I interact with a buyer they can expect fair service and disclosure of pertinent information about a property. All questions are answered honestly.
Purchaser's (Buyer’s) Agent: When I am acting as the buyer’s agent, I am working in the best interests of the potential buyer of the property. I consider all information a buyer tells me to be confidential.
Dual Agency: In a dual agency situation, I am the agent of both the buyer and the seller. In these cases, it is my job to work in the best interest of both the buyer and the seller. I can only be a dual agent if both the buyer and seller agree to this relationship in writing.