Recent reforms in the disclosure laws and real estate practices around the country have resulted in new options for buyers and sellers. Real estate agents can take different roles with buyers and sellers.

A seller's agent works with loyalty and fidelity as the seller's advocate and negotiator, and is obligated to disclose to potential buyers all adverse material facts that are known about the property.

A buyer's agent works exclusively to negotiate the lowest purchase price and best terms for the buyer. This agent serves the buyer with undivided loyalty, confidentiality, and full disclosure. The agent would know the highest price that the buyer would be willing to offer for a home, but could not disclose that information to the seller.

A dual agent can work for both the buyer and the seller by written, informed consent of both parties and has fiduciary obligations to both. The agent can only disclose to one party what the other party allows to be revealed.

A transaction broker assists the buyer or seller or both throughout a real estate transaction without being an agent or advocate for any of the parties.

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The David Burns Real Estate Group
Keller Williams Realty
1814 East Rt 70, Suite 200
Cherry Hill, NJ 08003
Direct: 856-685-1605
Office: 856-321-1212
Fax: 856-321-1414
davidburns@NUMBER1EXPERT.com
Keller Williams: DavidBurns@KW.com

Your Local Cherry Hill NJ Real Estate, Voorhees NJ Real Estate and Haddonfield NJ Real Estate specialist