5. Agency Disclosure and Company Policy on Agency:
The Client acknowledges that he has received and understands the Consumer Guide to Agency Relationships, the various forms of representation and will be provided the agency disclosure form as required by law. The Broker will represent the Client during the term of this Agreement, except in the event of Disclosed Dual Agency or In-Company Transaction as both are described in the Agency Disclosure Form.
NOTICE: The Broker’s complete company agency policy is available upon request.
6. Inspections and/or Tests:
The Client acknowledges, that for any property that the Client seeks to purchase or lease, the Broker strongly recommends that a professional and competent company perform any inspections and/or tests. The Client understands and agrees that the Broker neither warrants nor assumes responsibility for the physical condition of the property.
7. Professional Advice, Representation & Assistance:
7.1 The Client understands and acknowledges that the Broker strongly recommends that the Clientseek representation by an Attorney for legal questions regarding the purchase or lease of real property.
7.2 The Client understands and acknowledges that the Broker is a licensed real estate professionaland will represent the best interest of the Client. However, the Broker makes no warranties expressed or implied with regard to the purchase by the Client of any real property. Any statements by the Broker are opinion only.
7.3 The Client understands and acknowledges that the Broker cannot: 1) warrant exact square footageor condition of the property to be acquired, or 2) guarantee that the Seller has disclosed all property defects.
7.4 The Client understands and acknowledges that a real estate professional is qualified to advise inmatters concerning real estate but is not an expert in matters of tax, law, financing, surveying, structural conditions, hazardous conditions or engineering. The Client acknowledges that the Client has been advised by the Broker to seek competent expert advice on such matters. In the event the Broker provides names or sources for such advice or assistance, the Client understands and acknowledges that the Broker does not warrant, guarantee or endorse the services, advice and/or products of any recommended company or services.
7.5 The Client understands and acknowledges that issues such as status of permits, zoning, location of property lines, building code compliance, etc. should be addressed by professionals in those areas.