How would you define the word "agency" to someone who is not familiar with it?

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Rainmaker
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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

I spent a year studying agency while in law school. There is not an easy answer to it, and you should study further. Suffice it to say, the duties of the agent owed his principal creates a fiduciary relationship enforceable by law if there is a breach of any of the terms of the agency.

Oct 04, 2015 11:05 PM

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Ambassador
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Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

How you, as a consumer, is represented, LEGALLY, by your real estate agent.

Nov 16, 2019 10:08 PM

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Rainmaker
784,786

The Woodland Team of Texas

The Woodland Companies - Austin, TX

Land Specialists

Agents represent the broker, brokers represent the clients.

Apr 12, 2019 10:28 PM

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Ambassador
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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Representation

Oct 07, 2018 11:43 PM

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Rainmaker
534,547

Robert Havana

Park and Protect- Alberta Real Estate License Parking - Calgary, AB

Alberta Real Estate License Parking

just looking back through some of the old Q & A from almost a year ago, not sure why this question didnt seem to get many replies. I post a few trying to get others to view lethbridge real estate blog that I write on, but it seems many just slip through the cracks here.

May 16, 2016 01:56 PM

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Rainmaker
766,079

Tony Lewis

Summit Real Estate Group - Valencia, CA

Summit Real Estate Group Valencia & Aliso Viejo

Agency is a relationship in which one party represents another party with or without compensation.

Oct 05, 2015 11:29 AM

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Rainmaker
3,071,489

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Spencer Coleman I would whip out (metaphorically speaking) a copy of our one page Agency Disclosure and Election. Here is a link to a sample of the one used in Arizona.

Oct 05, 2015 01:19 AM

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Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Spencer Coleman Sandy Padula and Norm Padula, JD, GRI said it all.

Oct 05, 2015 12:08 AM

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I spent a year studying agency while in law school. There is not an easy answer to it, and you should study further. Suffice it to say, the duties of the agent owed his principal creates a fiduciary relationship enforceable by law if there is a breach of any of the terms of the agency.
How you, as a consumer, is represented, LEGALLY, by your real estate agent.
just looking back through some of the old Q & A from almost a year ago, not sure why this question didnt seem to get many replies. I post a few trying to get others to view lethbridge real estate blog that I write on, but it seems many just slip through the cracks here.
Agency is a relationship in which one party represents another party with or without compensation.
Spencer Coleman I would whip out (metaphorically speaking) a copy of our one page Agency Disclosure and Election. Here is a link to a sample of the one used in Arizona.
Spencer Coleman Sandy Padula and Norm Padula, JD, GRI said it all.