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A BRIEF HISTORY....
Prior to 1996
Agents of firm were Sub-agents
Fiduciary Duties are..
Brokerage relationships governed by common law concepts of agency where an agent owed fiduciary duties only to the SELLER....
Fiduciary Duties are..
Agents of firm were Sub-agents
Fiduciary Duties are..
Loyalty
Confidentiality
Disclosure
Agents of firm were Sub-agents
Agents of firm were Sub-agents
Agents of firm were Sub-agents
All agents of the brokerage were "sub-agents" of the listing agent responsible for finding potential buyers while owing fiduciary duties to the seller in the transaction
No buyer agency
Conflicts between buyers
Agents of firm were Sub-agents
Buyers in the transaction did not have clear separate representation and buyer agency did not exist.
Conflicts
Conflicts between buyers
Conflicts between buyers
Can you think of some areas where a conflict would exist between the interests of the buyer and the seller? Like PRICE? or INSPECTION? LOYALTY (only trying to sell their seller's property and not what is best for the buyer)?
Conflicts between buyers
Conflicts between buyers
Conflicts between buyers
How about conflicts between buyers who hold the same profile and are looking at the same property? What about potential conflicts there?
Welcome to Washington Agency Law Real Estate Services
Welcome to Washington Agency Law Real Estate Services
We are a full-service real estate agency with over 20 years of experience in the industry. Our team of expert agents is dedicated to helping you find your dream home or sell your property quickly and at the best possible price. We pride ourselves on providing personalized service to each and every one of our clients, and we work tirelessly to exceed your expectations.
