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Property Search City Information Miscellaneous Info Helpful Items About CountyRealty
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Office Policy Regarding Agency Indiana
Law (IC.25-34.1-10-9.5) provides that I, Steve Freeman, principal broker
of CountyRealty.com 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. Representing
Buyers – Buyer Agency
If
working in the capacity of a Buyer’s Agent, I represent the interests
of the Buyer 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.
Representing
Sellers – Seller Agency
If
working in the capacity of a Seller’s Agent, I represent the interests
of the Seller to market and
sell the 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 and/or
Realtors® working as Buyer Agents.
Furthermore, if an Agency relationship exists with the Seller,
CountyRealty.com’s policy is to cooperate with and compensate Buyer
Agents. Buyer Agents are
licensees and/or Realtors® described
above 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 only. All
representations made by Buyer Agents about the property are not made as
the agent of the Seller. Representing Buyers and Sellers Simultaneously – Limited Agency I
may, from time to time personally represent a Seller as a
Seller’s Agent in the case of a property listed with my brokerage,
CountyRealty.com. If that
occurs, then I have agency duties to both Buyer and Seller
which may be different or even adversarial.
If such an Agency relationship arises, this shall be conveyed to
all parties prior to showing the property to a potential Buyer.
If Limited Agency arises, then I shall not and cannot 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. (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 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®. Acknowledgements
It is acknowledged that Agency Relationships have been explained to the client/customer and that client/customer understands these relationships with respect to real estate transactions. As proof, you will be required to sign a printed version of this Office Policy when we meet in person for the first time. By using this site, you signify that you understand and accept this Office Policy Regarding Agency. If you do not accept this policy, please do not use this site in any way. Your continued use of the CountyRealty.com site following the posting of changes to these terms will mean you accept those changes, regardless of whether or not you are provided with additional notice of such changes. Please indicate that you have read and understand the CountyRealty.Com Office Policy Regarding Agency. If you have any questions regarding this policy, please email them to me for clarification.
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Steve
Freeman
By chance or appointment only
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