juliewoodw@coldwellbanker.com
Call Me Today: 361-563-7788

Archive for the ‘Transactions’ Category:

Confidentiality in Real Estate Transactions

Confidentiality in Real Estate Transactions - Port Aransas Homes for Sale
In the state of Texas, Realtors® have to keep information on their clients confidential—with very few exceptions.
The duties we, as Realtors, have include:

  • Loyalty
  • Obedience
  • Disclosure
  • Confidentiality
  • Reasonable care and diligence
  • Accounting

One of the most important is confidentiality. When you entrust your information to a Realtor, you need to know that it’s safe and that you’re in good hands.

Confidentiality in Texas Real Estate Transactions

We’re obligated to safeguard your lawful confidences and secrets. We can’t disclose information that will compromise your bargaining position. For example, if we know that you, as a buyer, will pay more for a property than you’ve offered to pay, we can’t tell the seller.

As a Seller’s Agent

We must tell the seller everything we can find out about potential buyers, including whatever financial details we can obtain. We have to conceal everything about you, the seller, that would help the buyer gain an advantage (such as an impending foreclosure, the fact that you need to move in a hurry, or that you want to sell to settle a divorce).

As a Buyer’s Agent

We must keep all information about you, the buyer, confidential. We can’t tell the seller about your ability or willingness to pay more for the property, nor can we tell them about your motivation for buying.

Do You Have Questions About What Realtors Do?

We’d love to answer them, but our primary focus is helping people buy and sell homes.
While you’re here, check out our:

Are You Looking for a New Home in Port Aransas or on North Padre Island?

Whether you’re looking for a home for sale in Port Aransas or North Padre Island, we’d love to help you find the perfect place to live.
Call us at 361-563-7788 or get in touch with us online to tell us what you want from your next home. We’ll start searching right away.

Looking for Condos?