Agency Explanations and Definitions

Helpful Definitions

Buyer Agency:  Agent represents only the buyer in the transaction.  Buyer Agency agreement must be in writing before an offer is made.

Seller Agency:  Agent represents seller exclusively.

Seller Sub Agency:  Agent is working with a buyer who does not desire representation so the agent is working with him/her as a customer (rather than a represented client) and is representing the seller in the transaction.

Dual Agency:   Agent has fiduciary relationship with both buyer and seller in a transaction (i.e., property is listed with the agent's company and agent is working with buyer in a Buyer Agreement).  Agent cannot offer counsel or advice that would damage either party.  Confidential information remains confidential but all material facts about the property must be disclosed.

 

 
Margaret was one of only 11% of Asheville agents selling over 2 million in sales in 2009.