When a potential buyer signs an agency agreement with a
broker, the potential buyer becomes a client. It’s important to note that an
agency agreement is between a client and a broker, even though a salesperson
(agent) working for the broker may be the one to sign the contract.
Clients have a choice between 3 agency models that will form
the agency relationship between the client and the broker:
Agency—when a broker represents either the buyer or the seller as a client,
but never both in the same transaction. 2.) Multiple
Representation Without Designated Agency
–when a broker represents two or more clients in the same transaction, but must
take a neutral stance in negotiations. 3.) Multiple
Representation With Designated Agency—when
a broker represents two or more clients in the same transaction, and each
client receives full negotiation services provided by designated agents under
the same broker.
Before signing an agency agreement, make sure your Realtor goes
over the agreement with you so that you fully understand the agency
relationship you are undertaking.
If you still have questions-- Just ask!
Author:Lisa Massey Phone: 715-846-0446 Dated: February 12th 2014 Views: 1,598 About Lisa: Rorabeck Realty Group is pleased to announce that Lisa Massey has joined us as a Buyer’s Agent. L...
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