Agency Disclosure
Relationship between Seller/Buyer and Realtor

   Before a Seller/Landlord ("Seller") or Buyer/Tenant ("Buyer") enters into a discussion with a real
   estate broker or broker's salesperson ("Broker"), the Seller and the Buyer should understand what
   type of agency relationship or representation they will have with the Broker in the transaction.
   However, regardless of who the Broker represents in the transaction, the Broker shall exercise
   reasonable skill and care in the performance of the Broker's duties and shall be truthful and honest
   to both the Buyer and Seller.

  THE DUTIES OF THE BROKER IN A REAL ESTATE TRANSACTION DO NOT RELIEVE THE SELLER
  OR THE BUYER FROM THE RESPONSIBILITY TO PROTECT THEIR OWN INTERESTS. THE
  SELLER AND THE BUYER SHOULD CAREFULLY READ ALL AGREEMENTS TO INSURE THAT THE
  DOCUMENTS ADEQUATELY EXPRESS THEIR UNDERSTANDING OF THE TRANSACTION.

  I. Buyer's Broker: A Broker other than the Seller's Broker can agree with the Buyer to act as the Broker
     for the Buyer. In these situations, the Buyer's Broker is not representing the Seller, even if the Buyer's
     Broker is receiving compensation for services rendered, either in full or in part, from the Seller or
     through the Seller's Broker.
     a) A Buyer's Broker has the fiduciary duties of loyalty, obedience, disclosure, confidentially, and
        accounting in dealings with the Buyer.
     b) Other potential Buyers represented by Broker may consider, make offers on, or acquire an interest
         in the same or similar properties as Buyer is seeking.

   II. Seller's Broker: A Broker under a listing agreement with the Seller acts as the Broker for the Seller
       only:
       a) A Seller's Broker has the fiduciary duties of loyalty, obedience, disclosure, confidentially, and
          accounting in dealings with the Seller.
       b) Other potential Sellers represented by Broker may list properties that are similar to the property
           that the Seller is selling.

   III. Broker Representing both Seller and Buyer (Limited Dual Representation): A Broker, either acting
       directly or through one or more licenses within the same brokerage firm, can legally represent both
       the Seller and the Buyer in a transaction, but only with the knowledge and informed consent of both
       the Seller and the Buyer. In these situations, the Broker represents both the Buyer and the Seller,
       with limitations of the duties owed to the Buyer and the Seller:
       a) The Broker will not, without written authorization, disclose to the other party that the Seller will
           accept a price or terms other than stated in the listing or that the Buyer will accept a price or
           terms other than offered.
       b) There will be conflicts in the duties of loyalty, obedience, disclosure and confidentiality. Disclosure
           of confidential information may be made only with written authorization. However, Broker shall
           disclose all known facts which materially and adversely affect the consideration to be paid by any
           party.

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Desert Gem Real Estate
Laurie and Greg Hill, Broker/Owners
Office/Voice Mail (623) 334-1366
Email