The Newfoundland & Labrador Association of REALTORS®








Agency

A SELLER'S AGENT represents the seller - either as a LISTING AGENT under a listing agreement with the seller OR by cooperating as a SUB-AGENT, typically through the Multiple Listing Service®. In dealing with prospective buyers (customers), a SELLER'S AGENT can provide a variety of information and services to assist the buyer in their decision-making process.

A BUYER'S AGENT represents the buyer, preferably pursuant to a Buyer Brokerage agreement. A BUYER'S AGENT'S primary allegiance is to the buyer.

A DUAL AGENT acts on behalf of both the seller and the buyer in the same transaction. In other words, both the seller and the buyer are the agent's clients.

A DUAL AGENT may not represent both parties without their informed consent, and must ensure that the parties understand the possible effects of the dual representation, including, for example, that no information received in connection with the transaction can be treated as confidential unless an agreement in writing limiting the transfer of information exists.