Explain the agent principle duties

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You are being interviewed as a realtor for a couple selling their home. They ask you the following questions. Explain.

-What types of listing agreements are available, and which one do you recommend that will not require a commission to be paid if we find our own buyer?

-Explain the agent's principle duties to us regarding care, loyalty, obedience, and accountability and the agent's duty relating to the collection and holding of the earnest money.

-Once we accept an offer, is there any way a buyer may terminate it? If done so unlawfully, what remedies are available to us?

-What kind of agency agreement would allow you, the listing agent, to represent both the seller and the buyer; and why would we agree to this?

Reference no: EM132853846

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