Typical disclaimers by the real estate firms and licensees who are party to the purchase transaction would include not responsible for violations of the Licensing Act. not liable for damages caused by inspectors. not responsible for representations made about suitability of the property for a particular use. not responsible for the performance of buyer or seller. The highest price a buyer is willing to pay and a seller will accept under normal conditions is what is called selling price. fair price. market value. cost. In order to have a buyer agency relationship with a buyer, a licensee must obtain a signed facilitator agreement. be employed by a broker who represents buyers exclusively. obtain a written agency agreement from the buyer. refrain from having any agency agreements with sellers