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2000 REALTOR OF THE YEAR

Steve Freeman
Broker-Owner

CountyRealty
1790 N 180 E
Brownstown
812-358-8635
812-528-0976

By Appointment Only

Office Policy for  BUYERS  (Rev. August 2006)

CONSUMER AGENCY DISCLOSURE:  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: either 1.)  there is a written agreement to the contrary, or 2.)  I am assisting the individual as a customer without compensation. Steve Freeman of CountyRealty represents the interests of the Buyer as a Buyers agent to sell the property.  Steve Freeman owes duties of trust , loyalty, confidentiality, accounting, and disclosure to the Buyer.  However, Steve Freeman must deal honestly with a seller. All representations made by Steve Freeman about the property are made as the agent of the Buyer.   

LIMITED AGENCY DISCLOSURE AND AUTHORIZATION:  Steve Freeman may personally represent a seller as a sellers agent.  If that occurs, then Steve Freeman has agency duties to both Seller and Buyer which may be different or even adverse.  If limited agency arises, Steve Freeman shall not disclose the following without the informed consent, in writing, of both Seller and Buyer:

• Any material or confidential information, except adverse material facts or risks actually known by Steve Freeman concerning the physical condition of the property and facts required by stature, rule, or regulation to be disclosed that could not be discovered by a reasonable and timely inspection of the property by the parties.
• That a Buyer will pay more than the offered purchase price for the property
• That a Seller will accept less than the listed price for the property
• Other terms that would create a contractual advantage for one party over another party
• What motivates a party to buy or sell the property.

In a limited agency situation, the parties agree that there will be no imputation of knowledge or information between any party and the limited agent or among other agents/brokers. 

REQUIRED DUTIES DISCLOSURE:  Indiana law (I.C. 25-34.1-1-10-9.5) provides that Steve Freeman must perform at least the following duties for the Buyer:

• Be available to receive and timely present offers and counteroffers for the property
• Assist in negotiating, completing real estate forms, communicating, and timely presenting offers, counteroffers, notices, and various addenda relating to the offers and counteroffers until:
• A purchase agreement is signed; and
• All contingencies are satisfied or waived
• Timely respond to questions relating to offers, counteroffers, notices, various addenda, and contingencies pertaining to the subject property.

If Steve Freeman fails to perform the above duties and another agent/broker performs those duties on behalf of or at the request of the Buyer, then the performance of those duties by the other agent/broker does not constitute an agency relationship.  Further, an agent/broker may lawfully perform duties in addition to those set forth above on behalf of or at the request of the Buyer.

The duties of Steve Freeman in a real estate transaction set forth in this office policy do not relieve the Buyer from the responsibility to protect his/her own interests.  The Buyer should carefully read all documents to assure they adequately reflect the Buyers understanding of the transaction.  If legal, tax, or other expert advice is desired, the Buyer should consult their advisors and/or qualified professionals. 

CODE OF ETHICS AND STANDARDS OF PRACTICE DISCLOSURE.  The Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS provides that REALTORS must advise clients of CountyRealty company policies regarding cooperative compensation and the possibility that sellers or sellers representatives may not treat the existence, terms, or conditions of offers as confidential unless confidentiality is required by law, regulation or by any confidentiality agreement between the parties.  Further, if a Seller has approved disclosure of the existence of offers on the property, REALTORS shall also disclose whether offers were obtained by the listing broker/firm or by a cooperating brokerage. 

By signing below, Buyer acknowledges that Limited Agency Authorization has been read and understood.  Buyer understands that Buyer does not have to consent to Steve Freeman acting as a Limited Agent, but gives informed consent voluntarily to limited agency and waives any claims, damages, losses, expenses, including attorneys fees and costs, against Steve Freeman arising from his role of Limited Agent.

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