Single, Dual, & Designated Agency: What’s the Difference?
AuthorReal Estate Experts. Date:
When we think of real estate agents, we often think of two types: buyer’s agent and seller’s agent. However, there are actually several different types of real estate agents, each with a different role to play in the home buying or selling process. In this article, we’re going to discuss the differences in duties between single agents, dual agents, and designated agents. With this information, you’ll be able to better understand which type of agent is right for you. What is Single Agency? A single agent is a real estate agent who works solely on behalf of one party, whether it be the buyer or the seller, but they cannot represent both parties. The advantage of having a single agent is that they are legally obligated to work in their client’s best interest. A buyer’s agent, for example, will be focused on helping the buyer find the perfect home and … Continued
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