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RECAD

Real Estate Brokerage Services Disclosure

Buyer RECAD Form

  1. Types of Agents:

    • Single Agent: Represents only one party (buyer or seller) and must be fully loyal to that party.
    • Subagent: Helps the single agent by representing the same party, also with full loyalty.
    • Limited Consensual Dual Agent: Represents both the buyer and the seller. This requires written consent from both parties and involves balancing loyalty to both.
    • Transaction Broker: Helps both parties but doesn’t represent them. Provides limited services and doesn’t act as an agent.

  2. General Obligations of All Agents:

    • Act honestly and fairly.
    • Provide reasonable care and skill.
    • Keep information confidential unless required by law or if it becomes public…

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