The real estate agent must act in the best interest of the buyer.
Real estate agent must follow the Lawful instructions.
- DISCLOSURE OF ALL MATERIAL FACTS
Examples, but not limited to: relationship between agent and other parties, existence of other offers, status of earnest money, seller’s financial condition, property’s true worth, important contract provisions with legal effect, commission split with other brokers.
Any discussions, facts or information that should not be revealed to others, however, it does not include responsibility of honesty in dealing with all parties.
- ACCOUNTING IN DEALINGS
Reporting of where any money placed in the hands of the broker is kept.
- REASONABLE SKILL AND CARE
Arriving at a reasonable purchase price and advising buyer of such. Affirmatively discovering material facts and disclosing them to the buyer. Investigating the material facts related to the sale.