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Steve Freeman, Owner BY APPOINTMENT ONLY License: RB14018370
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CountyRealty Steve Freeman Broker, Owner, REALTOR
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Steve
Freeman, Owner BY APPOINTMENT ONLY License: RB14018370
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CountyRealty Office Policy Regarding Agency (How Real Estate Brokers Work For People) The law clearly states that at the beginning of an agency relationship, a licensee shall disclose in writing the principal broker's written office policy set forth in this section before the disclosure by the potential seller, landlord, buyer, or tenant of any confidential information specific to that potential seller, landlord, buyer, or tenant. Representing Buyers – Buyer Agency
Indiana
Law (IC.25-34.1-10-9.5) provides that I have an agency relationship
with, and am representing, the individual with whom I am working unless:
1. there is a written
agreement to the contrary, or 2. I
am assisting the individual in a customer relationship. I represent the interests of the Buyer as a Buyer’s agent when showing the properties listed with another company. I owe duties of trust, loyalty, confidentiality, accounting, and disclosure to the Buyer. I must, however, deal honestly with a seller. All representations made by me are made as an agent of the Buyer. Relevant Code: IC 25-34.1-10-11 Representing Sellers – Seller AgencyThe same laws apply when representing a seller. I represent the interests of the Seller as a Seller’s agent when I am selling their property. I owe duties of trust, loyalty, confidentiality, accounting, and disclosure to the Seller. I must, however, deal honestly with a Buyer and disclose information to the buyer about the property. All representations made by me about the property are made as the agent of the Seller. Seller is advised that the property may be sold with the assistance of other licensees/Realtors® working as Buyer Agents and that my firm’s policy is to cooperate with and compensate Buyer Agents. Buyer Agents are licensees/Realtors® who show the property to prospective buyers, but who represent only the interests of Buyers. Buyer Agents owe duties of trust, loyalty, confidentiality, accounting and disclosure to buyers. All representations made by Buyer Agents about the property are not made as the agent of the Seller. Relevant Code: IC 25-34.1-10-10 Representing Buyers and Sellers Simultaneously – Limited AgencyI
may personally represent a Seller as a Seller’s Agent in the case of a
property listed for sale by CountyRealty; but I may be assisting a Buyer
in the purchase of that home. If that occurs, then I have agency duties
to both Buyer and Seller which may be different or even adversarial. This
is known as Limited Agency. If Limited Agency arises, then I shall not
disclose the following without the informed consent, in writing, of both
Buyer and Seller: 1.
Any material or confidential information, except adverse material
facts or risks actually known by me concerning the physical condition of
the property and facts required by statute, rule, or regulation to be
disclosed that could not be discovered by a reasonable and timely
inspection of the property by the parties. (The "Parties" are
Buyer and/or Seller or their
inspectors). 2.
That a Buyer will pay more than the offered purchase price for
the property. 3.
That a Seller will accept less than the listed price for the
property. 4.
Other terms that would create a contractual advantage for one
party over the other. 5.
What motivates a party to buy or sell a property. In a limited agency situation, I shall obtain compensation pursuant to a listing contract (from the Seller or Selling Broker) unless a written Buyers Agency Contract provides for an alternative payment method. Additionally, in a Limited Agency situation, the parties agree there will be no imputation of knowledge or information between any party and the limited agent or among Licensees/Realtors®. Relevant Code: IC 25-34.1-10-12 That's it. If you have any questions or concerns, by all means ask or consult legal representation. Everything from this point hereinabove is what's required by law to be told to you. However, I've written an essay, NOT required by law to share with you, that you really should also read. This essay expounds on Limited Agency. Click here. I believe an informed client is the best client, and I try my best to be honest with everyone I deal with. Updated June 20, 2017 I, Steve Freeman, am a licensed and very independent real estate broker in Indiana. I only work with rational human beings. I've been serving Jackson County Indiana exclusively since 1995. In 2000 I earned the prestigious Jackson County REALTOR of the Year Award. I am a member of the National Association of REALTORS (NAR); the Indiana Association of REALTORS (IAR); the Jackson County Board of REALTORS Multiple Listing Service (MLS); Jackson County Landlord Association; First United Methodist Church; Seymour Evening Lions Club, and the National Rifle Association. Steve
Freeman, Owner CountyRealty.Com is wholly owned by Steve Freeman ©2000-INFINITY; All Rights Reserved. CountyRealty is committed to the letter and spirit of the US policy for the achievement of equal housing opportunity throughout the nation. CountyRealty encourages and supports affirmative advertising and marketing programs in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. |
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