An agency disclosure statement normally defines the various relationships of buyers and sellers in a real estate transaction. A buyer broker agreement is the mutual contract between the buyer and the broker for representation and commitment to each other in the home buying process.

The agency relationships exist, whether disclosed or not. My compliments to the agent who covered this with you to educate you about the home buying process. Many times, unfortunately, more non professional agents do not take the time to cover this with potential buyers at the initial contact, which potentially can cost the buyer time and money . While a buyer brokerage agreement is not necessary for the broker to sale you a home, it places you in a fiduciary relationship when the broker buyer agreement is agreed to and puts the selling broker in a higher standard of accountability to you but also puts you in a higher standard of commitment for him to get paid when he devotes his time to solve your family needs.

An agency disclosure statement normally defines the various relationships of buyers and sellers in a real estate transaction. A buyer broker agreement is the mutual contract between the buyer and the broker for representation and commitment to each other in the home buying process.

The agency relationships exist, whether disclosed or not. My compliments to the agent who covered this with you to educate you about the home buying process. Many times, unfortunately, more non professional agents do not take the time to cover this with potential buyers at the initial contact, which potentially can cost the buyer time and money . While a buyer brokerage agreement is not necessary for the broker to sale you a home, it places you in a fiduciary relationship when the broker buyer agreement is agreed to and puts the selling broker in a higher standard of accountability to you but also puts you in a higher standard of commitment for him to get paid when he devotes his time to solve your family needs.

Hi.....in addition to Josh's answer...usually an agency disclosure statement will indicate "who" the agent is respresenting in a transaction. And is stated in the buyer brokerage agreement or listing agreement. If the agent is representing the seller....they are acting as a "listing agent". If the agent is representing the buyer....they are the "selling agent". Yes, I know this is strange....but those are the labels. In addition, an agent (in some states) can act as a "dual agent" which simple means that the agent is representing "both" buyer & seller. The dual agency has to be disclosed & approved by all parties in the transaction in Georgia.

Please let me know if I can be of further service.

Confused in Atlanta,

A Buyer Broker agreement is an agreement for the agent to represent you and your best interest as a CLIENT. They can get data and interpret the market and make certain inferences based on their experience. Bottomline, they are a hired gun to protect you, just like an attorney in a court room.

A disclosure statement of any kind is simply that, a statement. A disclosure could be, "the agent represents the seller and not the buyer" or "the agent is representing no one, and this is just a transaction" or even, "the agent has brown hair."

These are all disclosures.

Typically, a disclosure is something that need to be told to you because it could possibly harm you, but not always. In the case of inspections and buyer brokerage, I require my clients to sign a disclosures that says, "I'm aware of the benefits of an inspection and representation by a totally awesome realtor like Joshua, and I have declined their services. I also understand by declining those services I will not be receiving the same high level service or knowledge about the home. I also ate glue as a child."

Hope this helps