Real Estate Agent’s Responsibility to Provide Accurate Information to Clients

 Real Estate Agent’s Responsibility to Provide Accurate Information to Clients

A real estate agent holds a significant responsibility to ensure that clients receive accurate, transparent, and up-to-date information throughout property transactions. This duty applies to both buyers and sellers and is critical in fostering trust, avoiding disputes, and ensuring legally sound agreements. Key responsibilities regarding providing the right information include:

Accurate Property Details

Agents must provide factual and honest information about the property’s:

Size, condition, and features

Legal status (ownership, title, zoning)

Structural issues, renovations, or repairs

Property boundaries and land use

Misrepresenting or exaggerating features can lead to legal action and damage to the agent’s reputation.

Market Insights & Valuation

Agents must offer realistic property valuations based on:

Recent market trends

Comparable sales in the area

Clarifying Contract Terms

Agents must ensure that clients understand all terms and conditions in contracts, including:

Sale price and payment terms

Completion dates and handover conditions

Deposit requirements and potential penalties
Clear communication prevents misunderstandings and legal disputes later.

Providing Financial Guidance

While not financial advisors, Real Estate Agency in Remuera should guide clients toward reputable mortgage lenders or financial experts and provide estimates of additional costs such as:

Stamp duty

Legal fees

Property taxes and maintenance costs

Ongoing Communication

Agents should keep clients updated throughout the buying or selling process, informing them of any changes, offers, or potential issues promptly.

Real Estate Agent in Remuera are accountable for delivering truthful, clear, and complete information to protect clients' interests. Providing the right information builds trust, ensures smooth transactions, and safeguards both clients and the agent’s professional standing.

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