Sun Realty acts as a Transaction Broker for all buyers and sellers. Please read the duties of a Transaction Broker below and if you have any questions, please give us a call or send an email.

Transaction Broker Duties

The duties of the transaction broker include the following:

  • Dealing honestly and fairly
  • Accounting for all funds
  • Using skill, care, and diligence in the transaction
  • Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer.
  • Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensees otherwise in writing
  • Limited confidentiality, unless waived in writing by a party

The transaction broker may not reveal to either party the following information:

  • That the seller might accept a price less than the asking or list price
  • That the buyer might pay a price greater than the price submitted in a written offer
  • The motivation of any party for selling or buying property
  • That a seller or buyer will agree to financing terms other than those offered
  • Any other information requested by a party to remain confidential
  • Any additional duties that are entered into by this or by a separate agreement
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