Representation? It’s your choice!
At Reece & Nichols, we offer you the full spectrum of representation choices.
In other words, we professionally represent Buyers as well as Sellers.
When the selling agent represents the seller:
The seller’s agent represents the seller only, so the buyer may be either
unrepresented or represented by another agent. As the seller’s agent, we are
responsible for performing the following duties:
-
Promoting the interests of the seller with utmost good faith, loyalty, and
fidelity
-
Protecting the seller’s confidences, unless disclosure is required
-
Presenting all offers in a timely manner
-
Advising the seller to obtain expert advice
-
Accounting for all money and property received
-
Disclosing to the seller all adverse material facts about the buyer that the
agent knows
-
To assist the seller throughout the entire sales process and look out for the
sellers best interests
When the buying agent represents the buyer:
The buyers agent represents the buyer only, so the seller may be either
unrepresented or represented by another agent. As your buyer’s agent, we will
assist you in selecting the home best suited to your wants and needs, securing
the best financing available for you financial requirements, preparing and
presenting an offer to purchase that property as well as assisting in your
negotiations to purchase. We will work with you throughout the closing process,
aiding with all appropriate inspections and making sure that your closing and
possession go smoothly. In all dealing, we will treat you with honest and
integrity in a professional, businesslike manner.
To begin this process, we execute a representation agreement, called a Buyer
Agency Contract.
Confidential Information
Whether we are the buyers agent or the sellers agent, four types of
confidential information are not communicated:
1. The Buyer’s Highest Price
2. The Seller’s Lowest Price
3. The Motivation of Either Party
4. The Fact that Either Party will Accept Financing Terms other than Those
Offered
However, we will provide you with comparative market information, including the
sale prices of comparable properties so that you will be a fully informed
consumer, able to make educated decisions about your purchase or your sale