Buyer's Real Estate Agency Disclosure
Effective January 1, 1994
According to ORS Statues 696.820 - 696.830 (Senate Bill 1097)
 
Under the law of agency, state laws, and the National Association of Realtors® Code of Ethics, real estate agents have certain duties to their principles and other parties in a transaction, which are described below. Those duties, however, do not remove you from the responsibility to protect your own interests. Read carefully all agreements to ensure that they adequately express your understanding of the transaction. A real estate agent is qualified to counsel you on matters concerning real estate. If legal or tax advise is desired consult a competent professional in that field.

Generally a real estate agent represents either the Seller or the Buyer. Due to the many relationships which can exist between you and a real estate agent it is important that you read and understand the following information.

Seller's Agent's Duties
A listing agent represents the Seller by contract and law, and must act in the best interest of the Seller.
A fiduciary duty of utmost care, integrity, honesty, confidentiality and loyalty in dealing with the Seller. The broker and or their agents, may never disclose confidential information to a Buyer, such as the price a Seller may be willing to accept.
The duty to comply with a Seller's lawful instructions.
The duty to account to the Seller for funds held for the benefit of the Seller.
The duties discussed below under Agent's Duties to all Parties.
The duty to comply with Fair Housing Laws.

Buyer's Agent's Duties
A buyer's agent represents the Buyer only, and must act in the best interest of the Buyer.
A fiduciary duty of utmost care, integrity, honesty, confidentiality and loyalty in dealings with the Buyer. The broker and or their agents, may never disclose confidential information to a Seller, such as the price a Buyer may be willing to pay.
The duty to comply with a Buyer's lawful instructions.
The duty to account to the Buyer for funds held for the benefit of the Buyer.
The duties discussed below under Agent's Duties to all Parties.
The duty to comply with Fair Housing Laws.

Agent's Duties in a Limited Agency Relationship
In-Company Sale Only
It is the policy of Blue Ribbon Real Estate, Inc., not to enter into a Dual Agency Relationship with the Seller and Buyer on an In-Company sale, because "Dual Agency" could create conflicts of interest. However, with prior written approval/and consent of the Seller and Buyer, Blue Ribbon Real Estate, Inc., may enter into a Limited Agency relationship for an In-Company transaction. By taking this position between the parties, confidential information will remain confidential. The material and disclosure information concerning the subject property remains the same.

The Broker/Agents have the following responsibilities to both Seller and Buyer:
A fiduciary duty of utmost care, integrity, honesty, confidentiality and loyalty in dealings with both the Seller and the Buyer. The broker and or their agents, may never disclose confidential information to the Seller, such as, but not limited to the price a Buyer may be willing to pay or disclose confidential information to a Buyer, such as, but not limited to the price a Seller may be willing to accept.

Agent's Duties to All Parties
Diligent exercise of reasonable skill and care in performance of the agent's duties.
The duty of "Honest and fair dealing" and good faith.
The duty to disclose all facts materially affecting the value or desirability of the property known to the agent.
The duty to present all offers promptly.
The duty to comply with Fair Housing Laws.