Single Agency - Selling Real Estate FAQ
Prepared by ThinkGlink.com Staff
Q. What is single agency?
A. Single agents can represent either buyers or sellers. The
Buyer’s Agent, an exclusive buyer brokerage franchise, represents only
buyers. Price Club Realty, the discount brokerage firm affiliated with Price
Club/ Costco, represents only sellers. These two companies are examples of exclusive
single agency.
The current working definition of “single agency,” however, includes agents that represent either buyers or sellers, but not both, in a single transaction.
Purists dispute the notion that a firm that represents both buyers and sellers, but not both, in a single transaction. Purists dispute the notion that a firm that represents both buyers and sellers, even if not in the same transaction, is a single agent. They believe only exclusive single agents can protect their clients.
Return to Frequently Asked Questions about Selling Real Estate
Seller Closing Costs
Quit-Claim Deed Question
Deed in Lieu of Foreclosure Will Hurt Credit Rating
Subagency and Dual Agency
Who Needs a Real Estate Attorney
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