Unrepresented Buyer Practices

Unrepresented Buyer Practices

The following is a list of some of the practices to be aware of when you are facilitating a sale between your Seller as Seller’s (Listing) Agent and an unrepresented Buyer.

• Always have Buyer sign the BNA [Buyer Non-Agency Agreement) before you proceed.
• Seller’s Agent may provide Buyer a “blank” copy of the RPA with ONLY the Buyer’s name and the Property address. Buyer is responsible to fill out the terms of the Offer.
• No Fiduciary Duty or Agency Relationship Duties exists other than between Buyer & Seller’s Agent.
• Seller’s Agent is negotiating ONLY on the behalf of the Seller.
• No recommendations to Buyer regarding Offer price or other contract terms.
• No review, interpretations or explanations to Buyer regarding Offer price, inspections or reports.
• Provide only statutory forms (unless Seller instructs Seller’s Agent to provide others.)
• Any corrections should be done using a counteroffer on Seller’s behalf.
• Discussion of terms ONLY for the benefit of the Seller.

Please download the Unrepresented Buyer Practices Sheet and 2 CAR Quick Guides on Unrepresented Buyer.

Unrepresented Buyer Practices 090424 PGD

Quick Guide – Unrepresented Buyers and Listing Brokers – Part 1

Quick Guide – Unrepresented Buyers and Listing Brokers – Part 2