What is the responsibility of the Seller’s Agent in a real estate transaction?
A Seller’s agent has the obligation to act lawfully and diligently on behalf of their client, the Seller. They must always put their client’s interest ahead of their own. The contract between the agent and the Seller sets out the responsibilities of each of the parties. Contracts vary, but generally spell out the agent’s duties as well as the terms of the contract, the compensation and how it is to be paid, and any special, lawful provisions upon which the parties may agree.
Related Questions
- What are the ramifications of the real estate manager’s role as an agent of -- and therefore fiduciary responsibility to -- the property owner?
- What is the responsibility of an agent if the seller or landlord fails to comply with this rule?
- Can A Sellers Agent Or Subagent Truly Help Me Buy Arizona Real Estate?
