Blog > Working With Real Estate Agent SCENARIOS (Sellers)
When you're selling your property, understanding the different types of agency relationships can help you navigate the process smoothly. Let's break down 3 common scenarios you might encounter:
Scenario 1: Seller Agency - Two Firms, Two Agents.
You're working with CB Seaside Realty, and I'm your listing agent. Suppose an agent from XYZ Realty shows your property to their client-buyer and prepares to present an offer on behalf of their client.
In this situation, there are:
- **Two Firms:** CB Seaside Realty (representing you) and XYZ Realty (representing the buyer).
- **Two Agents:** One from each firm.
This setup ensures that both the buyer and seller have separate representation, with their interests advocated by different firms and agents.
Scenario 2: Designated Dual Agency - One Firm & Two Agents
You're working with CB Seaside Realty, and I'm your listing agent. An agent from CB Seaside Realty, representing a client-buyer, shows your property and plans to present an offer.
Here, the scenario involves:
-**One Firm:** CB Seaside Realty, acting as a dual agent.
- **Two Agents:** Both agents are from CB Seaside Realty, but each represents a different side (buyer and seller).
In this arrangement, CB Seaside Realty acts as a dual agent, but the two agents within the firm represent opposing sides, ensuring that each party's interests are still individually advocated for, albeit within the same firm.
Scenario 3: Dual Agency - One Firm, One Agent
In this case, you're working with CB Seaside Realty, and I'm your listing agent. I also happen to have a client-buyer who is interested in your property and ready to present an offer.
Here, the scenario involves:
-**One Firm:** CB Seaside Realty.
-**One Agent:** I'm representing both the seller (you) and the buyer.
In this situation, CB Seaside Realty, and I as your agent, represent both sides of the transaction. While this can streamline communication and negotiation, it also means that I have to balance the interests of both parties, maintaining fairness and transparency throughout the process.
In a listing agreement, the sellers have the option to choose the type of agency relationship they agree to. It's important to note that excluding any particular type of agency relationship can limit the pool of potential buyers, potentially affecting the sale of your property. Therefore, it's beneficial to understand the implications of each type of agency relationship before making a decision.
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Yuliya Hristov
Broker Associate | License ID: 298245
Broker Associate License ID: 298245