Agency Relationships in Idaho for Realtors
In Idaho, real estate agents are required to disclose agency relationships with clients in writing. This means that agents must inform their clients whether they are acting as an agent for the buyer, the seller, or both. If an agent is representing the seller, they are known as a "listing agent," and if they are representing the buyer, they are known as a "selling agent." If an agent is representing both the buyer and the seller in the same transaction, they are known as a "dual agent."
It's important to note that agents are required to disclose any potential conflicts of interest, and must obtain written consent from both parties before acting as a dual agent. Additionally, agents must always put their clients' best interests first and must not disclose confidential information without the client's consent.
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* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.