State law has required real estate agents and brokers since the beginning of the year to let unaccompanied buyers know formally who is representing whom.
In particular, brokers holding open houses are to ask persons who visit to sign an agency disclosure form. They must not only make the request, as I have written in the past, but they must verbally make clear where their loyalties lie.
In other words, brokers have a legal obligation to declare that it is the seller’s best interests they are bound to serve, not the buyer’s. Continue reading