Agency Relationships In Real Estate

Agency Relationships In Real Estate

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:

1.) Single 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! 

Lisa Massey Headshot
Phone: 715-846-0446
Dated: February 12th 2014
Views: 1,615
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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