WHEN THE BROKER ACTS AS AN INTERMEDIARY

The broker may act as an intermediary be tween the parties by representing the interests of both of them provided he abides by the laws of Costa Rica and the CCCBR Code of Ethics . To do this the broker must obtain the written consent of each of the parties to act as an intermediary . The written consent must state who must pay the broker and must also define his obligations as an intermediary. The broker is required to treat each party fairly and impartially and to abide by the laws of Costa Rica and the CCCBR Code of Ethics . A broker who acts as an intermediary in a transaction must abide by the following: He must treat all parties honestly and fairly ; Ile may not disclose that the owner is willing to accept a lower price, unless authorized by him writing : He may not disclose that the buyer is willing to pay a higher price than the offer submitted in writing to the buyer unless otherwise authorized in writing , He may not disclose any confidential information or any other information that a party has ordered the broker specifically and in writing not to reveal , unless authorized in writing or because he is required to do so by a court order or if the information actually relates to the condition of the property and could subsequently bring problems to the buyer or to the broker himself as a professional . If he has a proper authorization of the parties the broker acting as an intermediary may designate an other broker to communicate and follow the instructions of one party and another broker to communicate and follow the instructions of the other party If you choose to be represented by a broker, you must sign a written contract with him detailing his obligations and as well as your own . The contract shall state who and how the broker will be paid . The payment of a fee to the broker does not imply that he is your representative for this requires a contract . If you have any questions regarding the duties and responsibilities of the broker, you should resolve them before proceeding .

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