National Association of Realtors "Concerns about Traditional Buyer Representation"

Growing issues surrounding traditional buyer representation...
NAR leadership was concerned about two growing issues surrounding buyer representation: ( reference Traditional Buyer Agent not Exclusive Buyers Agent )

1. The lack of clear, specific duties and responsibilities owed to buyers by licensees.

2. The growing number of judicial decisions imposing unusual, and sometimes expansive, standards of care on buyer's representatives.

"....the court held that the buyer's representative had a duty to disclose to the buyer the sale of a large portion of the backyard, but neither the seller nor the listing broker had such a duty."

"....a licensee (Buyers Agent) in a fiduciary relationship with the buyer may be required to examine such things as public records and title documents for the buyer, as opposed to a licensee (Listing Agent) representing the seller, who has no such duties.

          

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• Buyers advocate