For Buyers

When a buyer is well-informed about the market, the buyer achieves a level of confidence to make personal real estate decisions.

Why Buyers choose Boston Portfolio Properties, LLC

Buying a property can be a complicated, time-consuming process that involves personal and financial decisions. Boston Portfolio Properties is knowledgeable about a range of markets in a variety of communities. Listening to what the buyer wants, observing what is left unsaid, and understanding the market, we are able to provide information that will assist BPP buyers in the selection process. With a commitment beyond what is required as a real estate professional, Boston Portfolio Properties, LLC "gets the job done," with your interests paramount.

We are diligent in prospecting properties that will suit your personal desires and needs. Knowing the value of your time, we will preview properties for you, selecting properties that are possible matches.

With our knowledge of the market, we are aware of the value of a property's features, and will provide comparative market analysis for you.

Making an Offer to Purchase a property is the first, important step in the complicated process of acquiring a property. Boston Portfolio Properties provides strategic insights on how to negotiate the process of Offer to Purchase, Contingencies, Inspection, Purchase and Sale Agreement, and Closing. We work collaboratively and rely on other professionals such as inspectors, appraisers, engineers, and lawyers who become involved in the transaction.

Buyers:

A buyer can engage the services of a real estate agent to purchase property and the real estate agent represents the buyer. The agent owes the buyer undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality, and accountability, provided however that the agent must disclose known material defects in the real estate. The agent must put the buyer's interests first and negotiate for the best price and terms for their client, the buyer.

Buyers' Agent:

A real estate broker who becomes an agent of a seller or buyer is deemed to be a fiduciary. As a fiduciary, a real estate broker is held by law to owe specific duties to the person represented, his/her principal. In addition to duties or obligations set forth in a listing agreement, buyer representation agreement, or other contract of employment, the buyer's agent is responsible for these specific fiduciary duties:

• Loyalty
• Obedience
• Disclosure
• Confidentiality
• Reasonable Care and Diligence
• Accounting

Loyalty

Loyalty is one of the most fundamental fiduciary duties an agent owes to the principal. The duty obligates a real estate broker to act at all times, solely in the best interests of the principal, excluding all other interests, including that of the broker.

Sellers Agent

Must do everything possible to gain an advantage for the Seller.

Exclusive Buyer's Agent

Must do everything possible to gain an advantage for the Buyer.

Obedience

An agent is obligated to promptly and efficiently obey all lawful instructions of his/her principal that conform to the purpose of the agency relationship. However, the duty does not include an obligation to obey unlawful instructions.

Disclosure

An agent must disclose to the principal all known relevant and material information that pertains to the scope of the agency. The duty includes any facts affecting the value or desirability of the property, as well as any other relevant information pertaining to the transaction.

An agent's duty of disclosure to his/her principal must not be confused with a real estate broker's duty to disclose any know material facts about the property value to non-principals. The duty to disclose known material facts is based on a real estate broker's duty to treat all persons honestly. The duty of honesty does not depend on the existence of an agency relationship.

Sellers Agent

Must reveal any known material defects in the property.

Exclusive Buyer's Agent

Must inform the buyer about information regarding the Seller and the property that is relevant to the transaction.

Confidentiality

An agent is obligated to safeguard his/her principal's lawful confidences and secrets. Therefore, a real estate broker must keep confidential any information that may weaken a principal's bargaining position.

The duty of confidentiality does not include an obligation by a broker who represents a seller to withhold know material facts about the condition of the seller's property from the buyer, or to misrepresent the property's condition.

Reasonable Care and Diligence

An agent is obligated to use reasonable care and diligence when pursuing the principal's affairs. The standard of care expected of a buyer's or seller's real estate broker is that of a competent real estate professional.

As an agent who represents others in their real estate dealings, a broker or salesperson is under a duty to use superior skill and knowledge while pursuing the principal's affairs. However, no broker is expected to perform tasks or know information outside the scope of his/her real estate license. Real estate licensees are not expected to perform services normally provided by engineers, lawyers, accountants, or other professionals. If concerns arise outside the scope of a broker's responsibility, the broker should acknowledge that and suggest that the principal seek assistance from a reliable outside source.

Accounting

An agent is obligated to account for all money or property that belongs to his/her principal entrusted to that agent. This responsibility for accounting compels real estate brokers to safeguard any money, deeds, or other documents entrusted to them relative to their client's transactions of affairs.

Your Responsibility as a Consumer

Whether you are a buyer, a seller, landlord, or a potential tenant, the duties of a real estate broker or salesperson do not relieve you of the responsibility to protect your own interests. If you have questions concerning your particular transaction, pose them to the agent. If you need advice on legal, tax, insurance or other matters, it is your responsibility to consult a professional in those areas.

It is illegal for a broker or salesperson to advise you against using the services of an attorney in any real estate transaction.

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