Agency
in Arizona
Something every homebuyer should know
Back in the old days, say before 1985, all real-estate
brokers and agents represented the Seller. When
an agent showed you a property, she was doing so
as the seller's agent. She owed the seller the duties
of confidentiality, obedience, loyalty, disclosure,
accounting, care and diligence, collectively known
as fiduciary duties. A fiduciary is one who acts,
in a legal role, in the best interests of another.
You, as the buyer, were left to fend for yourself
under the principle of Caveat Emptor ,
or Let the Buyer Beware.
Today, Arizona recognizes three kinds of
agency:
- Buyer Agency in which the Buyer
Agent represents the best interests of the buyer
and owes fiduciary duty only to the buyer.
- Seller Agency in which the
Listing Brokerage acts in the best interest of
the seller and owes fiduciary duty only to the
seller.
- Limited Dual Agency in which
the same brokerage represents both buyer and seller
(sometimes through one agent, often through two
different agents). Obviously, neither buyer nor
seller can enjoy full fiduciary representation.
However, both must be treated with honesty and
fairness.
Working with an Exclusive Buyer Agent gives you
the benefit of fiduciary representation, which means
your agent must place your best interests ahead
of all others including her own.
Some advantages to you are:
- Stronger Negotiating
- Better Access to Listings of Tucson Homes for sale and other data
- Knowledgeable Consulting
- Help with all Aspects of Buying
- Higher Degree of Protection
Whether buying or selling a home in Tucson or southern Arizona, you will want the knowledge,
marketing expertise and negotiating power of Jim and
Ann ...the Real Henrys! |
