DESIGNATED AGENCY
When a brokerage designates a REALTOR® or REALTORS® to work
solely on your behalf in real estate transactions, the REALTOR® and
brokerage are bound by ethics and the law to be honest and thorough
in representing you. The brokerage must account for all money and
property placed in its hands while acting for you. The REALTOR® must:
• Provide undivided loyalty to you (Client) by protecting your
negotiating position at all times, and disclose to you all known facts
which may affect or influence your decisions;
• Obey all lawful instructions which you give the REALTOR® to act on
your behalf;
• Maintain the confidentiality of your information (financial, legal,
personal, etc.) (See following PRIVACY section);
• Use reasonable care and skill in performing all assigned duties in
the role as agent.