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 Vestal is a consistent Top Producer among the best Asheville Real Estate Agents,
ranking in the top 9% since 2009!