We want you to understand and be comfortable with this process. Our commitment is to provide you with the best possible service and to assist you and your family in a smooth transition. Connecticut law requires all real estate agents to disclose their agency relationship to prospective buyers at the beginning of the first personal meeting when the buyer's specific needs are being discussed. The type of relationship formed between an agent and a client is called a fiduciary relationship. The courts have defined an agent's responsibilities as putting the client's interest before that of anyone else.
Courts also require the real estate agent to be fair and honest in all aspects of the transaction.
This means the seller is the client to whom the listing agent owes loyalty, obedience, diligence, disclosure, confidentiality, accountability and reasonable skill and care. The listing agent cannot negotiate on the buyer's behalf, make tactical recommendations, or act as the buyer's representative. Legally and ethically, the buyer may be entitled to receive market data with the seller's permission. In addition, the purchase agreement prepared by the listing agent can be contingent on the necessary inspections to help the buyer determine material facts about the property. Once again, if the listing agent is aware of substantial problems with the property, they must be disclosed to the buyer.