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What is Agency

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What is Agency

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Created by

HEATHER
HEATHER
United States

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What is Agency
 

What is AgencyOnline version

applied activity

by HEATHER
1

Jordan, a licensed real estate salesperson, meets Sam at an open house. Sam asks questions about pricing trends and mentions they may be looking to buy in the next few months. Jordan has not provided any agency disclosure yet. At this point, who is Jordan representing?

2

A buyer and seller both believe the licensee is “working for them,” but no agency disclosure has been discussed. What risk does this situation create?

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No agency relationship has been created. General information may be shared, but representation has not yet been established or disclosed.

Failure to clearly disclose agency can lead to misunderstandings, loss of trust, and legal or disciplinary consequences.

 
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