A written explanation, to be signed by a prospective buyer or seller of real estate, explaining the role of the broker in the transaction, helping the client understand to which party the broker owes loyalty.
Dual agency refers to a real estate scenario where a single agent represents both the buyer and the seller in a transaction. This practice is accepted in many states, provided there is full disclosure and consent from both parties. However, it is often met with skepticism as each party prefers individual representation to have their interests safeguarded.
A residential broker is a real estate professional who specializes in listing and selling houses or condominiums. They aid clients in buying, selling, or renting residential properties.
A Selling Agent, also known as a Selling Broker, is a licensed real estate professional who represents the buyer in a real estate transaction.
