Sentences with phrase «seller undivided loyalty»

The agent owes the seller undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability, provided, however, that the agent must disclose known material defects in the real estate.

For example, when any industry member at a common - law brokerage takes a listing, every industry member at the brokerage is immediately considered to be a representative of that seller and owes that seller undivided loyalty, advice and advocacy.

Not exact matches

Yes in that my contention is first and foremost that when we turn a seller or buyer into a client, we agree to provide fiduciary duty — an undivided loyalty which includes protecting their bests interests which in turn includes negotiating on their behalf as per their direction after being able to benefit from our counsel.

I think we need to remind ourselves that there are two categories of consumers that are to be considered in all this: buyers and sellers, and when we're working for a seller in a full agency relationship we have a responsibility of undivided loyalty to them.

The basic principle of designated agency as proposed by the ATF is that, in the above scenario, both the seller and the buyer in this «in - house» transaction would be able to continue to receive the full benefit of agency representation, complete with the undivided loyalty, advice and advocacy of their respective licensee agents, while it is the brokerage that remains impartial.

The court held that where, at the time of execution of a sales contract, a seller is not informed that his broker also represents the purchaser, the broker has breached his duty of undivided loyalty.

That is to say, when any licensee at a common law brokerage enters into agency with a buyer or a seller, every licensee at the brokerage is immediately considered to be a representative of that buyer or seller and owes them undivided loyalty, advice and advocacy.