Ocracoke Island Realty Sales Policy

In an effort to reduce liability for our Company, reduce risks for both our clients and customers, and to better represent our clients and customers, Ocracoke Island Realty firmly believes that all parties to a real estate transaction should have equal and appropriate representation. In our view, sub-agency does not provide a buyer with appropriate representation.

Ocracoke Island Realty and its agents shall act as single agents when representing the buyer or the seller, or as dual agents when showing or selling a seller-client property to a buyer-client. Buyers working with an Ocracoke Island Realty agent are always clients; sellers who hire Ocracoke Island Realty to sell their property are always clients. In transactions where Ocracoke Island Realty is selling a property listed with another real estate company, the seller is considered a customer.

When establishing relationships with buyers or sellers, disclosure is made to them that our policy is one of disclosed dual agency. Under a dual agency relationship, the agent, with agreement of both buyer- and seller-clients, limits by contract his/her fiduciary duty to disclose confidential information about one party to the other. Confidential information includes the possibility that the seller-client will accept a price other than the asking price or that the buyer-client will pay a price higher than the price offered; the motivation of a party for engaging in the transaction; or other confidential terms that one party desires not be disclosed to others can be included in the dual agency consent agreement so long as the terms of the agreement do not violate any statute or rule. As required by law, material facts about a property must always be disclosed.