It seems a no - brainer that a client would want to have
single agency representation over that of transaction broker.
Not exact matches
The buyer reminds his Realtor that they have entered into a
single agency (personal
representation) relationship, which requires «the Realtor (Servant) to give his exclusive and total allegiance (loyalty) to his principal (the buyer) by promoting his principal's interests with a
single - minded purpose for the principal's benefit, and that such allegiance further requires that the Realtor even has to put the client's interests above his own.»
With the advent of
single agency, the confrontational concepts of «personal
representation» and «advocacy» resulted in many offer presentations degenerating into legalistic free - for - alls, or knock - down, drag - out street fights, placing artificial difficulties into the way of achieving a meeting of minds.
To enable the consumer to give his truly «informed consent» to what type of
agency relationship he is willing to enter into with the Realtor, the licensee should give him a choice: Single Agency with personal representation and vicarious liability, or Transaction Brokerage with no vicarious liability because the licensee works «with the customer» instead of «for the client&r
agency relationship he is willing to enter into with the Realtor, the licensee should give him a choice:
Single Agency with personal representation and vicarious liability, or Transaction Brokerage with no vicarious liability because the licensee works «with the customer» instead of «for the client&r
Agency with personal
representation and vicarious liability, or Transaction Brokerage with no vicarious liability because the licensee works «with the customer» instead of «for the client».
In
Single Agency (where the Realtor gives «personal
representation» to the client), a master (principal) / servant (agent) relationship is established.
This is why a designated
agency brokerage can represent a buyer and a seller in a
single transaction with full
agency representation to both parties.
If a multiple
representation situations arises, you will refer the buyer to another broker and continue to represent only me in my transaction (called
Single Agency).
This is how a designated
agency brokerage can represent a buyer and a seller in a
single transaction with full
agency representation to both parties, when both parties have different designated agents.
Ron specializes in
single agency client
representation to include small group ownership in income properties located in the South Central and Mid-West portions of the U.S. but also does work on a nationwide basis as well.
But Bernadette McTighe, who has been carrying the ball for individual
representation since starting the
Single Agency Realty Association in 1988, says the battle is far from won.
In the real world, most of these dual agents talk the talk of dual
agency but continue to walk the walk of
single -
agency representation.
A
single agency is the most commonly used form of real estate
representation,