Today we want to jump in deeper and home in on the Single Agency Relationship, as to when it is the right time to enter into this agreement.
In a previous article we wrote, we delved into the different types of real estate agency relationships and how some of those relationships benefit you. In this article we want to jump in a little deeper and home in on the Single Agency Relationship, as to when it is the right time to enter into this type of realty agreement.
As previously noted, a single agency relationship provides certain duties to a buyer or seller. In a nutshell, the real estate sales associate and their employing Broker become your fiduciaries. They are officially the “agents” and you are officially the “client”. They owe you, as the client, a set of duties that are only present in this agreement whether you are the home seller or the home buyer.
You can learn more about this agency relationship, the duties associated with this relationship and others in our previous article called “Your Realtor Agency Relationships and What They Mean to You”. Below we highlight when it is a good time to take advantage of this relationship and when you’re better off with a Transaction Broker or Nonrepresentation.
