11 Market Square  ▪  Newburyport, MA 01950  
26 Millyard    ▪    Amesbury, MA  01913		 PHONE: 978-499-8808
 
 
     
INFORMATION FOR
HOME SELLERS
SEVEN COMMON MISTAKES
SELLERS MAKE		  
TRADITIONAL ARRANGEMENT
BUYER AGENCY
DUAL AGENCY WITH INFORMED CONSENT  
WHO PAYS THE COMMISSION?
MULTIPLE LISTING
SERVICE MEMBER		  
AGENT AND BUYER RELATIONSHIP  
AVOIDING HOME
EQUITY SCAMS

 
     

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Historically throughout the country, real estate agents had been representing only the seller in real estate transactions. That meant that all the fiduciary duties were owed to the seller, even when the agent was working with a buyer.

This was accomplished through a system called Sub-Agency. The real estate company that lists the property is called the listing Broker. The real estate company working with the buyer is called the sub-agent, or co-operating Broker because the company actually works for the listing Broker. Although the buyer is provided service by a real estate agent, the buyer in this arrangement has no true Agency representation.

The Agency duties are owed directly to the seller in all transactions where there is no Buyer Agency. This is true of most real estate companies in the United States. Buyers in this arrangement must be careful not to divulge any information that they do not want the seller to know, i.e., the highest price they will pay for the property.

This system of Seller Agency has worked for many years. However, buyers should be aware that agents are representing the seller's interest, and they should not become reliant on the agent for assistance in determining an offering price that is other than the asking price, or for any other advice that might not be in the seller's best interest.


 

  
 
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The Cronin Team
RE/MAX On the River
At the Tannery
50 Water St, Newburyport, MA
In the Millyard
26 Millyard, Amesbury, MA



PRIVACY POLICY   |   TERMS OF USE   |   CONTACT US
All Brokers/Salespersons represent the seller, not the buyer, in the marketing, negotiating and sale of
property, unless otherwise disclosed. However, the Broker or Salesperson has an ethical and legal obligation to
maintain honesty and fairness to the buyer in all transactions.


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