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Rider Inc.,
REALTORS offers the following choices of representation for buyer's
and/or seller's in Wichita and surrounding communities.
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Seller's Agent:
The seller's agent represents the seller only, so the buyer may be
either unrepresented or represented by another agent. The
seller's agent is responsible for performing the following duties:
Promoting the interests of
the seller with utmost good faith, loyalty and fidelity; Protecting the seller's
confidences, unless disclosure is required; Resenting all offers in a
timely manner; Advising the seller to
obtain expert advise; Accounting for all money
and property received; Disclosing to the seller
all adverse material facts about the buyer that the agent knows; and Disclosing to the buyer
all adverse material facts actually known by the agent, including:
Environmental hazards
affecting the property that are required to be disclosed; The physical condition
of the property; Any material defects in
the property, or in the title to the property; and Any material limitation
on the seller's ability to complete the contract.
The seller's agent has no duty
to:
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Buyer's
Agent: The buyer's agent represents the buyer only,
so the seller may be either unrepresented or represented by another
agent. The buyer's agent is responsible for performing the
following duties:
- Promoting the interests of the buyer with
utmost good faith, loyalty and fidelity;
- Protecting the buyer's confidences, unless
disclosure is required;
- Advising the buyer to obtain expert
advise;
- Accounting for all money and property
received;
- Disclosing to the buyer all adverse
material facts that the agent knows; and
- Disclosing to the seller all adverse
material facts actually known by the agent, including all material
facts concerning the buyer's financial ability to perform the terms
of the transaction.
The buyer's agent has no duty to:
- Conduct an independent investigation of
the buyer's financial condition for the benefit of the seller; or
- Independently verify the accuracy or
completeness of statements made by the buyer or any qualified third
party.
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Transaction
Broker: The transaction broker
is not an agent for either party, so the transaction broker does not
advocate the interests of either party. The transaction broker
is responsible for performing the following duties:
- Protecting the confidences of both
parties, including the following information:
- The fact that a buyer is willing to pay
more;
- The fact that a seller is willing to
accept less;
- The factors that are motivating any
party;
- The fact that a party will agree to
different financing terms; and
- Any information or personal confidences
about a party that might put the other party at an advantage.
- Exercising reasonable skill and care;
- Presenting all offers in a timely
manner;
- Advising the parties regarding the
transaction;
- Suggesting that the parties obtain
expert advice;
- Accounting for all money and property
received;
- Keeping the parties fully informed;
- Assisting the parties in closing the
transaction;
- Disclosing to the buyer all adverse
material facts actually known by the transaction broker, including
the following:
- Environmental hazards affecting the
property that are required to be disclosed;
- The physical condition of the
property;
- Any material defects in the property
or in the title to the property;
- Any material limitation on the
seller's ability to complete the contract.
- Disclosing to the seller all adverse
material facts actually known by the transaction broker,
including all material facts concerning the buyer's financial
ability to perform the terms of the transaction.
The transaction broker has no duty to:
- Conduct an independent inspection of
the property for the benefit of any party;
- Conduct an independent investigation
of the buyer's financial condition;
- Independently verify the accuracy or
completeness of statements made by the seller, buyer or any
qualified third party.
 Main Page
Buyer Page
Seller Page
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Bette Rider,
Don V. Rider,