Agency Disclosure is a written explanation, to be signed by a prospective buyer or seller, explaining to the client the role that the broker plays in the transaction. This ensures clients understand to which party the broker owes loyalty.
A buyer's broker, also known as a buyer's agent, is a real estate professional hired by a prospective purchaser to locate an acceptable property for purchase and negotiate with the seller in the purchaser’s best interest.
Dual agency occurs when a real estate agent represents both the buyer and seller in the same real estate transaction. This arrangement is subject to strict regulatory controls to manage potential conflicts of interest.
Implied agency is an agency relationship established through the conduct, behavior, or circumstances of the involved parties, rather than through explicit agreement or written contract.
A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Real estate agents are generally compensated on a commission basis and operate under the supervision of a real estate broker.
The Real Estate Buyer's Agent Council (REBAC) is a former name of an organization committed to educating real estate agents about working with buyers.
The Selling Broker (Agent) is a licensed real estate professional who introduces and represents the buyer in a real estate transaction, playing a critical role alongside the Listing Broker (Agent).
