Our Duties to You
Full Disclosure, Confidentiality, obedience, Reasonable Care, Accountability & Loyalty
AGENCY RELATIONSHIPS
As Seller’s Agent
Agent represents the seller exclusively.
As Buyer’s Agent
Agent represents the buyer exclusively.
This relationship can be accommodated between NBB and a buyer in transactions for purchasing businesses not currently represented by NBB.
A retainer fee is required to establish this relationship.
As Dual Agent
Upon agreement by buyer and seller, an agent may represent both in a transaction.
As such, they cannot do anything to benefit one that would harm the other.
However, duties of confidentiality, full disclosure, reasonable care, accountability and obedience still apply.
NBB’s ordinary practice to act as a dual agent.
Agency relationships are disclosed during initial meetings with clients.
Your NBB associate can further explain the details and advantages of professional representation, agency relationships, and NBB retained acquisition search services.