BEWARE!! During an open house if you do not have a real estate agent representing you, the realtor who is hosting the open house is representing the seller. Many people are unaware of the fiduciary duties of a real estate agent and assume that agents who shows them houses represent them. Not necessarily. If you have not signed an agency agreement that designates you as an agent's client, rather than his customer, the agent is acting as (2 comments)
BEWARE!! During an open house if you do not have a real estate agent representing you, the realtor who is hosting the open house is representing the seller. Many people are unaware of the f?iduciary duties of a real estate agent and assume that agents who shows them houses represent them. Not necessarily. If you have not signed an agency agreement that designates you as an agent's client, rather than his customer, the agent is acting as a fiduciary agent of the seller. Fiduciary duties (2 comments)