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Mary Lynn is qualified to assist you,
whether you are buying or selling a home. Following is a list
of agency relationships that are available:
Buyer's Agent
The buyers agent represents the buyer only, so the seller
may be either unrepresented or represented by another agent.
The buyers agent is responsible for performing the following
duties:
- Promoting the interests of the buyer with utmost good faith,
loyalty and fidelity.
- Protecting the buyers confidences, unless disclosure
is required.
- Presenting all offers in a timely manner.
- Advising the buyer to obtain expert advice.
- Accounting for all money and property received.
- Disclosing to the buyer all adverse material facts about
the buyer that the agent knows.
- Disclosing to the seller all adverse material facts actually
known by the agent, including all material facts concerning the
buyers financial ability to perform the terms of the transaction.
The buyers agent has no duty to:
- Conduct an independent investigation of the buyers
financial condition for the benefit of the seller; or
- Independently verify the accuracy or completeness of any
statement by the buyer or any qualified third party.
Buyers Designated
Agent
The designated agent is a buyers agent who has been designated
by the broker to represent the buyer to the exclusion of all
other licensees affiliated with the firm. The designated agent
performs all the duties of a buyers agent, while the other
agents in the firm perform the duties of a sellers agent,
or a transaction broker.
Sellers Agent
The sellers agent represents the seller only,
so the buyer may be either unrepresented or represented by another
agent. The sellers agent is responsible for performing
the following duties:
- Promoting the interests of the seller with utmost good faith,
loyalty and fidelity.
- Protecting the sellers confidences, unless disclosure
is required.
- Presenting all offers in a timely manner.
- Advising the seller to obtain expert advice.
- Accounting for all money and property received.
- Disclosing to the seller all adverse material facts about
the buyer that the agent knows.
- Disclosing to the buyer all adverse material facts actually
known by the agent, including:
Environmental hazards affecting the property that are
required to be disclosed.
The physical condition of the property.
Any material defects in the property, or in the title
to the property.
Any material limitation on the sellers ability to
complete the contract.
The sellers agent has no duty to:
- Conduct an independent inspection of the property for the
benefit of the buyer; or
- Independently verify the accuracy or completeness of any
statement by the seller or any qualified third party.
Sellers Designated
Agent
The designated agent is a sellers agent who
has been designated by the broker to represent the seller to
the exclusion of all other licensees affiliated with the firm.
The designated agent performs all the duties of a sellers
agent, while the other agents in the firm perform the duties
of a transaction broker, unless they have a buyer agency agreement.
Transaction Broker
The transaction broker is not an agent for either party, so the
transaction broker does not advocate the interests of either
party. The transaction broker is responsible for performing the
following duties:
- Protecting the confidences of both parties, including the
following information:
The fact that a buyer is willing to pay more.
The fact that a seller is willing to accept less.
The factors that are motivating any party.
The fact that a party will agree to different financing
terms.
Any information or personal confidences about a party
that might put the other party at an advantage.
- Exercising reasonable skill and care.
- Presenting all offers in a timely manner.
- Advising the parties regarding the transaction.
- Suggesting that the parties obtain expert advice.
- Accounting for all money and property received.
- Keeping the parties fully informed.
- Assisting the parties in closing the transaction.
- Disclosing to the buyer all adverse material facts actually
known by the transaction broker, including the following:
- Environmental hazards affecting the property that are required
to be disclosed.
- The physical condition of the property.
Any material defects in the property or in the title to
the property.
Any material limitation on the sellers ability to
complete the contract.
- Disclosing to the seller all adverse material facts actually
known by the transaction broker, including all material acts
concerning the buyers financial ability to perform the
terms of the transaction.
The transaction broker has no duty to:
- Conduct an independent inspection of the property for the
benefit of any party.
- Conduct an independent investigation of the buyers
financial condition.
- Independently verify the accuracy or completeness of statement
made by the seller, buyer or any qualified third party.
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