~ Representation ~
Representing the Seller:
When sellers of real estate choose to list their property for sale they will sign a Listing Agreement or a Real Estate at Auction Agreement that authorizes the Brokerage Firm to represent their interests. This is referred to as Seller’s Agency. When Martin Schroeder is a seller's agent, he will follow the seller's lawful instructions, be loyal to the seller, promote the seller's best interests, disclose material facts to the seller, maintain confidential information, act with reasonable skill and care and, account for any money he handles in the transaction.
Representing the Buyer:
When purchasing real estate, buyers may choose to work with a real estate agent as well. Often the buyers want to be represented in the transaction. This is referred to as Buyer's Agency. When Martin Schroeder is a buyer's agent in a transaction he will follow the buyer's lawful instructions, be loyal to the buyer, promote the buyer's best interests, disclose material facts to the buyer, maintain confidential information and, account for any money he handles in the transaction.
Occasionally the same agent and brokerage that represents the seller also represents the buyer. This is referred to as Dual Agency. When a brokerage and its agents become "dual agents," they must maintain a neutral position between the buyer and the seller. They may not advocate the position of one client over the best interests of the other client, or disclose any personal or confidential information to the other party without written consent.
Martin Schroeder as a broker and/or agent will never act as a Duel Agent except as noted here.
~ Exceptions ~
In the event that someone with whom Martin Schroeder has a personal, family or business relationship is seriously interested in any in-house listing, Martin Schroeder will inform the Seller of this relationship and of that party’s interest in Seller’s property. The Seller will be given the opportunity to withdraw the listing and have another Brokerage firm represent them if they so desire or they may represent themselves. The Seller may, if they so desire, may wish to keep the listing in-house with Martin Schroeder. In this case, Martin Schroeder will act as a Disclosed Duel Agent as provided and permitted by The Ohio Revised Code.
Martin Schroeder will treat all parties honestly and fairly. He will not be biased to either party and will remain in a neutral position. He will prepare and present Offer to Purchases and Counteroffers at the direction of the parties as prescribed by law.
At no time will Martin Schroeder disclose personal or confidential information to the Buyer or Seller about the other party that would compromise any negotiations.
In the event that the Real Estate is being offered at Public Auction, Martin Schroeder will only represent the seller.
~ Summary ~
Martin Schroeder is licensed by the Division of Real Estate and Professional Licensing and this office can be contacted for inquires, consumer complaints and more information about Agency Law in Ohio at:
The Division of Real Estate and Professional Licensing
77 South High St., 20th Floor
Columbus, Ohio 43215-4100