What Is Agency Relationship In Real Estate? An agency relationship is formed when the agent and a buyer or seller sign an agency disclosure or agreement form. In many cases, the client does not legally have to agree to sign anything. The agreement or disclosure states that the agent is acting on behalf and in
What Is Considered Dual Agency? Dual agency is when a real estate agent works with the buyer and the seller on the same transaction simultaneously. … If both the buyer and seller are in agreement that the same real estate agent can represent both parties, the realtor becomes a dual agent in the transaction. Is
What Is Designated Agency? A designated agency is one that represents both buyers’ and sellers’ interests. One agent, working for the broker or agency, represents the seller and another stands in for the buyer. It’s a requirement that certain procedures are put in place to ensure that client information is kept separate. Is Designated Agency
Is It A Bad Idea To Use The Same Realtor As The Seller? Buyers can catch a break on Realtor commissions if both sides are using the same agent. The biggest advantage may not be saving money, but the possibility of having a leg up on other buyers by having the seller’s agent know what