Understanding Real Estate Representation
Exclusive Buyer’s Agency
An agent represents only the buyer's interests throughout the entire transaction.
Seller’s Agency
Also known as listing agency, where an agent exclusively represents the seller's interests in marketing and selling their property.
Dual Agency
A single agent or brokerage represents both the buyer and seller in the same transaction, with limited fiduciary duties to both parties.
Designated Agency
Two different agents from the same brokerage separately represent the buyer and seller in a transaction.
Transaction Brokerage
The agent acts as a neutral party to facilitate the transaction without representing either the buyer or seller exclusively.
Exclusive Right to Sell
The most common listing agreement where one agent has the exclusive right to market and sell a property for a specified period The seller retains the right to sell their property without owing the broker a commission, but must pay if the broker finds a buyer. Exclusive Agency
It's important to familiarize yourself with these various roles and to discuss compensation arrangements with your agent from the outset to ensure clarity. Feel free to reach out to me to discuss your specific needs.
THE ESSENTIAL BUYER’S GUIDE
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