====== Responsibilities of Agent to Seller / Buyer as Principal ======

Agents owe fiduciary duties to their principal, whether seller or buyer.

===== General Fiduciary Duties (OLD CAR) =====

  * Obedience
    * Follow lawful instructions of the principal

  * Loyalty
    * Act solely in the principal’s best interest
    * Avoid conflicts of interest
    * No secret profits

  * Disclosure
    * Disclose all material facts
    * Includes information affecting value or desirability

  * Confidentiality
    * Protect client information
    * Continues after agency ends

  * Accounting
    * Properly handle and account for funds and property
    * Includes deposits and trust funds

  * Reasonable Care and Diligence
    * Use skill and care expected of a licensed professional

===== Responsibilities of Agent to Seller =====

  * Use best efforts to market and sell the property
  * Disclose all offers promptly
  * Present offers objectively
  * Advise on pricing, market conditions, and negotiation
  * Maintain seller confidentiality
  * Disclose material facts about buyer ability or intent
  * Avoid misrepresentation or fraud

===== Responsibilities of Agent to Buyer =====

  * Use best efforts to locate suitable property
  * Disclose all material facts affecting value or desirability
  * Advise on pricing, market conditions, and negotiation
  * Submit offers promptly and as instructed
  * Maintain buyer confidentiality
  * Avoid conflicts of interest
  * Disclose seller motivation if known and material

===== Dual Agency Limitations =====

When acting as a dual agent:

  * Must obtain informed written consent
  * Cannot disclose:
    * Seller’s minimum price
    * Buyer’s maximum price
    * Confidential motivations of either party
  * Must remain neutral and fair to both principals