What must a seller's agent disclose when approached by potential buyers at an open house?

In a real estate transaction, it's essential for the seller's agent to disclose their relationship with the seller to potential buyers. This disclosure helps ensure transparency in the transaction and ensures that potential buyers understand that the agent's fiduciary duty is to the seller. This means that the agent's role includes advocating for the seller's interests, which may not align with those of the buyers.

By revealing that they are representing the seller, the agent is fulfilling their ethical and legal obligation to provide clear and honest information that can affect the buyer's decisions. This transparency helps maintain trust in the process, allowing buyers to navigate their own interests with a clear understanding of the agent's loyalties. This information is crucial when buyers are evaluating how to proceed in negotiations or if they have any queries during the open house.