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I spent a year studying agency while in law school. There is not an easy answer to it, and you should study further. Suffice it to say, the duties of the agent owed his principal creates a fiduciary relationship enforceable by law if there is a breach of any of the terms of the agency.
How you, as a consumer, is represented, LEGALLY, by your real estate agent.
Agents represent the broker, brokers represent the clients.
just looking back through some of the old Q & A from almost a year ago, not sure why this question didnt seem to get many replies. I post a few trying to get others to view lethbridge real estate blog that I write on, but it seems many just slip through the cracks here.
Agency is a relationship in which one party represents another party with or without compensation.
Spencer Coleman I would whip out (metaphorically speaking) a copy of our one page Agency Disclosure and Election. Here is a link to a sample of the one used in Arizona.
Spencer Coleman Sandy Padula and Norm Padula, JD, GRI said it all.