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Old 11-05-2023, 10:17 PM
billsr billsr is offline
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Randall5-
In regards to the fiduciary responsibility and confidentiality...

If you and I have a Buyers Broker Agreement, then I must NOT share anything you tell me with the Seller or the Sellers Agent without your permission. If you write an offer and tell me that you are willing to go higher, I cannot share that info. However, if the Seller or their agent told me that he/she was willing to go lower, I am obligated to share that with you. If the Seller's Agent tells me that the seller is willing to go lower, then he has breached his responsibility to the seller. If you take advantage of it and the seller discovers the breach, he can sue his agent for the difference in price and recover it.