What documents do I need when working with an unrepresented buyer?

Here's a list of documents agents need when working with an unrepresented  buyer or tenant - BEFORE SHOWING PROPERTIES

 1. No Agency Disclosure (Non-Agency Disclosure)

Informs the unrepresented buyer that the agent is solely representing the interests of the seller or landlord and does not have an agency relationship with the buyer.

• Provide the No Agency Disclosure to the unrepresented buyer, clearly stating that the agent represents the seller/landlord and will not be acting in the buyer’s best interest.

• Ensure the unrepresented buyer signs the disclosure, acknowledging that they understand they are not being represented by the agent.

• DO NOT ADVISE UNREPRESENTED BUYER/TENANT

• Attach the signed No Agency Disclosure to the checklist in Dotloop

 2. Disclosure of Personal Interest (If Applicable)

Discloses any personal or financial interest the agent may have in the property, or any close relationship the agent has with the seller or landlord, to ensure transparency with the unrepresented buyer/tenant

• If the agent has a personal interest in the transaction (e.g., they are related to the seller/landlord, or have a financial interest in the property), provide the Disclosure of Personal Interest to the unrepresented buyer.

• Clearly state the nature of the personal or financial interest (e.g., the agent is related to the seller or stands to benefit financially from the sale or lease).

• Ensure the unrepresented buyer signs the disclosure, acknowledging the agent’s personal interest in the transaction.

• Attach the signed Disclosure of Personal Interest to the checklist in Dotloop.

 Final Steps: Compliance and Transaction Management

• Ensure that the No Agency Disclosure and, if applicable, the Disclosure of Personal Interest are fully completed and signed by the unrepresented buyer.

• Review the checklist in Dotloop to confirm that all necessary documents have been submitted.

• Offer the unrepresented buyer the opportunity to seek independent representation or legal advice if needed, to ensure they fully understand the disclosures.