11.3 Forms of Real Estate Agency

Exhibit 11.3 Forms of Agency and No Agency in Real Estate Brokerage

Single agency: Agent represents only one party (buyer or seller).
Subagency: Agent of an agent (e.g., cooperating broker).
Dual agency: Agent represents both buyer and seller (requires written consent).
Designated agency: Specific agents within a firm represent different clients in the same transaction.
No agency/transaction broker: Broker assists both parties but does not represent either as a fiduciary.
No subagency: Some states disallow subagency; agents represent either buyer or seller directly.

Exhibit 11.4 Dual vs. Designated Agency

Topic 11.3 Check-In

Choose the best answer, then select Check Answers.

Which agency relationship allows an agent to represent both the buyer and seller in the same transaction?

Not quite. Review this part of the topic and try again.

🔒 Mark Complete unlocks when every answer is correct.