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Selling A Home in Vancouver BC
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The Decision to PurchaseWorking with a Real Estate Licensee Responsibilities
of the Listing Responsibilities of the Seller |
Responsibilities of the Listing and Selling AgentsOnce you have listed your property for sale, the listing agent has a legal duty to protect and promote your best interests at all times. He or she owes you - the PRINCIPAL - his or her undivided loyalty and must disclose to you any and all information, obtained from any source, which might influence your decision. Further, he or she may not reveal any confidential information to another person which might jeopardize your bargaining position. During the period your home is on the market, there will probably be a number of selling agents showing your home to prospective purchasers. Your listing agent and these selling agents all have a duty to avoid misrepresenting the property, to exercise due care when answering questions and to treat all parties fairly and honestly. Potential purchasers sometimes refer to the agent who brings them to your home as "my real estate agent". This may cause some confusion as to the selling agents role. A selling agent can choose to represent you, the seller, in the same unconditional manner as your listing agent represents you, OR he or she can choose to represent the buyer. The selling agent should provide you with full disclosure about his or her relationship with you and with the buyer. If the selling agent discloses that he or she is representing the buyer, keep in mind that any information you give to him or her must be passed on to the buyer. If you are in doubt as to whom a selling agent is representing, ASK that agent to clarify his or her position for both you and the buyer. |