What is the “Agency Relationship” with my Realtor?
Agency is a complex and highly regulated subject. It is a formal legal binding relationship. Briefly, when you sign a selling agreement with a Realtor, you agree that the Broker to whom the Realtor reports to, actually represents you. This representation is delegated to the Realtor who he has several responsibilities by law, towards the seller. These 6 legal duties. 1- Disclosure, where the agent must disclose to his principal any relevant information regarding the sale he has been engaged to assist. 2- Competence, The agent is under legal duty to use superior skill and knowledge while pursuing the seller’s affairs.
