Florida Buyer Broker
9 Fiduciary Duties owed to buyers by Florida Buyer Broker
A fiduciary is a person held in a position of trust and confidence. Florida Buyer Broker owes Single Agent fiduciary duties to our private buyer clients. The State of Florida requires any real estate business working as a fiduciary to a buyer to provide the Single Agent Notice. A disclosure stating the 9 fiduciary duties required by a Florida real estate broker who represents a buyer. Those duties are as follows:
1. Confidentiality
An exclusive buyer’s broker fiduciary duties include withholding the financial status of the buyer from the seller and his agent. The seller’s agent must tell the seller all pertinent information he has about the buyer.
2. Loyalty
An exclusive buyer’s broker fiduciary duties obligate the buyer’s broker to act at all times in the best interest of the buyer client, to the exclusion of all other interest including his or her own.
3. Obedience
An exclusive buyer’s broker fiduciary duties obligate the buyer’s broker to obey promptly and efficiently all lawful instructions on behalf of the buyer client.
4. Honestly and fairly
An exclusive buyer’s broker fiduciary duties require the buyer’s broker to deal honestly and fairly with all parties to the transaction.
5. Accounting
An exclusive buyer’s broker must account for all entrusted funds.
6. Full Disclosure
An exclusive buyer’s broker must make full disclosure.
7. Skill, care, and diligence
An exclusive buyer’s broker fiduciary duties require the buyer’s broker to perform with a higher standard of care concerning the private buyer client.
8. Presenting all offers and counteroffers
An exclusive buyer broker fiduciary duties include presenting the private buyer clients’ offer to the seller or seller’s agent in a timely manner. Except when the seller has directed their agent otherwise in writing not to present all offers. The seller may have agreed with his agent not to bring any offers under a specific price.
9. Disclosing all known facts
An exclusive buyer broker fiduciary duties require the exclusive buyer broker to disclose all facts they know about the property and seller to the private buyer client, pertaining to the buyer’s decision to purchase property.
Florida Buyer Brokers’ fiduciary is always to the buyer.
“The most important thing a buyer can do is first of all work with a buyer broker.”
As stated by AARP and the Consumer Federation of America in REALTOR® NEWS
Florida Buyer Broker is licensed to sell real estate in Florida, USA.
There is NEVER a conflict of interest between the buyer and the seller when the buyer chooses to work with Florida Buyer Broker.
Beverly Howe, Florida Buyer Broker relationship with buyers is always Single Agency representing buyers only. Her buyer clients receive undivided loyalty, integrity, honesty, skill and expertise, throughout the real estate buying process.
For more information see Brokerage Relationships, and Single Agent Notice .
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Florida Buyer Broker, Beverly Howe, has an outstanding reputation cooperating with other brokers in Florida. Sellers listing agents have confidence in buyers who obtain her professional services.
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