Demystifying Real Estate Agency: Understanding Your Representation When Buying or Selling a Home
In the context of working with a realtor to buy or sell a home, “agency” refers to the legal relationship and responsibilities between the realtor (real estate agent) and their client (buyer or seller). Understanding agency is crucial because it defines the level of representation, loyalty, and fiduciary duties the realtor owes to their client. Here are the common types of agency relationships in real estate: It’s crucial for buyers and sellers to understand the type of agency relationship they […]