Understanding Agency

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transactions. Ask your salesperson to explain what type of agency relationship you have with him or her and with the brokerage company.

1. Seller's representative 

2. Subagent.                                                                                                                                                                    
3. Buyer's representative

4. Disclosed dual agent. 

5. Designated agent 

6. Nonagency relationship