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Serving Chester County and Montgomery County, PennsylvaniaExton, PA 19341 |
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"Home Buyers, Don't Be Misled... You have the Right to Choose Your Representation!"All Brokerage companies in the State of Pennsylvania are subject to the same Common Laws of Agency. Before entering into a real estate transaction, the real estate brokerage company has an obligation to discuss the legal relationship that will exist during the transaction. This relationship will determine whether you will receive client or customer level services. Client Level Services: When a real estate brokerage company represents the seller and not the buyer in a transaction the the seller is the client and the buyer is the customer of the seller's brokerage company. All fiduciary responcibilities/duties are due the seller under this set of circumstances... and only the seller. Customer Level Services: When the real estate brokerage company represents the buyer and not the seller in a transaction the buyer is the client and the seller is the customer of the buyer's brokerage company. The buyer and the brokerage company will enter into a Brokerage Employment Agreement or "Buyer Representation Contract." All fiduciary responsiblities/duties are due the buyer under this set of circumstances... and only the buyer.
What are Fiduciary Responsiblities or Duties to the client performed |
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