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Exclusive Properties by East Coast Realty, Inc.

Exclusive OBX HomesAs a Sellers Agent, The Seller is the "client" in an agency relationship to whom the salesperson owes fiduciary duties and undivided loyalty. East Coast Realty, Inc. will cooperate and split commissions with selling Agents from any other brokerage company that accepts subagency. East Coast Realty, Inc. on the Outer Banks will also cooperate with buyer's Agents and will split commissions at a rate equal to the split with subagents, as long as the buyer’s Agent is not receiving compensation from the buyer through the Exclusive Buyer’s Agency agreement.

As a Buyers Agent, East Coast Realty, Inc. on the Outer Banks will represent the buyer exclusively and will seek compensation first out of the transaction according to terms agreed to in the buyer agency agreement. Only if compensation is not available out of the transaction in whole or in part will East Coast Realty, Inc. look to the buyer for payment of the unpaid portion.

When representing a buyer or a seller, East Coast Realty, Inc. Agents will disclose to them that the company policy is one of disclosed dual agency should a buyer client decide to purchase a seller client's property.

In the event of dual agency, East Coast Realty, Inc. and its Agents will not disclose to the buyer the lowest price that the seller will take, nor disclose to the seller the highest price that the buyer will pay. Should there be other terms that either party considers as strictly confidential, specifics regarding these terms can be included in a dual agency consent agreement and thereby held as secret from the other client. Likewise, should there be normally confidential terms that either party is willing to make known, specifics regarding these terms can be included in a dual agency consent agreement and thereby be made known to the other client.