Durango Realty
1315 Main Avenue – Suite 208
Durango, CO 81301
(970) 247-5678 – office
(970) 385-0400 – fax

Defining Agent Duties

Defining Agent Duties

A real estate agent has a specific responsibility to his or her client that is called a fiduciary duty, which simply means that the agent has to act in the best interests of his/her client. Not only does a real estate agent have to sell your house, he or she also has to be responsible for it.

A real estate agent’s fiduciary duties include being loyal ‐ doing everything possible to gain an advantage; being obedient ‐ promptly obeying all lawful instructions from the seller or buyer that conform to the purpose of the agency relationship; practice disclosure ‐ reveal any material defects in the property, but not information such as poor school systems, dropping property values or traffic problems; exercise confidentiality ‐ use discretion when revealing or concealing financial details; use reasonable care and diligence ‐ prepare him or herself through education to competently represent the seller; and being accountable ‐ for any documents or money entrusted to him or her.

A good agent will keep up with market activity and help his or her clients with contracts, inspections, negotiations, and the closing process.

Durango Realty – 1315 Main Avenue – Suite 208 – Durango, CO 81301   Phone: 970-247-5678
Fax: 970-385-0400