Real Estate Relationships
In a nutshell . . . There are different types of relationships between real estate brokers and clients. There are buyers’ agents, sellers’ agents, dual agents and statutory agents. Depending on the mutually agreed upon contractual relationship an agent may be acting as a fiduciary agent for a buyer or a seller. A fiduciary agent has the duty to act in the best interest of his or her client. In the case of dual agency, an agent is equally responsible to the seller and the buyer, simultaneously.
It’s important that you understand how an agent would be representing you. Be sure to read through forms / contracts and satisfy answers to your questions before signing documents. Check out this resource from National Association of REALTORS® https://www.nar.realtor/agency.