Every single country / Jurisdiction has their personal law that governs real estate transactions, some may well be similar but every single 1 needs persons to get the essential licensing to carry out real estate transaction. As largely a buyer’s agent, I like becoming capable to give my client 100% of my consideration, but there are numerous times when I have served my buyer or seller effectively as a transaction broker. Effectively Connie, an agent confident does a lot far more than I ever realized and wears numerous hats. This aspect of limited representation permits a licensee to facilitate a real estate transaction by assisting both the buyer and the seller, but a licensee will not work to represent one party to the detriment of the other party when acting as a transaction broker to each parties.
In fiduciary relationships, the client has agency with the brokerage firm which the … Read More