| Type | What It Means | Key Takeaway |
|---|---|---|
| Dual Agency ⚖️ |
One agent/firm represents both buyer and seller in the same transaction.
|
Agent must remain neutral and treat both parties fairly. |
| Designated Dual Agency 👥 |
The firm represents both parties, but different agents are assigned to each side.
|
Each agent is loyal only to their client. |
| Exclusive Buyer Agency Agreement ✍️ |
Legally binding contract for a set time period giving the firm exclusive right to represent the buyer.
|
Provides full representation and outlines duties, terms, and compensation. |
| Non-Exclusive Buyer Agency Agreement 📄 |
Short-term or property-specific agreement.
|
Flexible option for limited situations (e.g., one weekend or one home showing). |
✅ Remember:
As of August 17, 2024, buyers must sign a Buyer Agency Agreement and a Working With Real Estate Agent Disclosure before touring MLS-listed homes.
