BUYER’S AGENT
A buyer’s agent works solely on behalf of the
buyer to promote the interests of the buyer with
the utmost good faith, loyalty and fidelity. The
agent negotiates on behalf of and acts as
an advocate for the buyer. The buyer’s agent
must disclose to potential sellers all adverse
material facts actually known by the buyer’s
agent including the buyer’s financial ability
to perform the terms of the transaction and if
a residential property, whether the buyer
intends to occupy the property. A
separate written buyer agency agreement
is required which sets forth the duties and
obligations of the broker and the buyer
SELLER'S AGENT
A seller’s agent (or listing agent) works solely on behalf of the seller to promote the interests of the
seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as
an advocate for the seller. The seller’s agent must disclose to potential buyers all adverse material
facts actually known by the seller’s agent about the property. A separate written seller agency
agreement is required which sets forth the duties and obligations of the broker and the seller.
TRANSACTION BROKER
A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing
terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the
parties with any contracts, including the closing of the transaction without being an agent or advocate for any
of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or
written agreement, and must make the same disclosures as agents about all adverse material facts actually
known by the transaction-broker concerning a property or a buyer’s financial ability to perform the terms of a
transaction and if a reside
CUSTOMER
A customer is a party to a real estate transaction with whom the broker has no brokerage relationship
because such party has not engaged or employed the broker, either as the party’s agent or as the
party’s transaction-broker.
