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Rainmaker
1,759,689
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

I work for you on your behalf for your benefit.

Feb 23, 2019 01:00 PM
Ambassador
3,354,817
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Working on behalf of someone else's best interests.

Feb 23, 2019 12:50 PM
Rainmaker
4,435,346
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't explain agency... I explain various forms of representation and what they means to buyers and sellers.

Feb 23, 2019 01:21 PM
Ambassador
3,145,971
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I would provide a copy of the CA Agency Disclosure and review it with them.

Feb 23, 2019 03:27 PM
Ambassador
4,513,036
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Lyn Sims & Chris Ann Cleland, both nailed it!

Feb 23, 2019 06:12 PM
Rainmaker
1,347,522
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Competence & Character in a legally binding relationship...

Working to the best of my ability on your behalf and yours only.

Feb 23, 2019 03:30 PM
Rainmaker
5,579,354
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Lyn Sims said it as it is.... good definition for you to remember....

Feb 23, 2019 01:51 PM
Rainmaker
1,002,193
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I would pull out my phone and do an internet search for Agency and share it with him/her.

We would discuss what that meant to each of us in our current situation.

Feb 23, 2019 01:34 PM
Rainmaker
2,054,416
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

In Real Estate agency is a binding relationship that has to be based on total honesty by both parties..

Feb 23, 2019 01:31 PM
Rainmaker
5,767,421
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Chris Ann Cleland has you covered.

Feb 23, 2019 12:59 PM
Rainmaker
1,049,072
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Representation. I work you.

Feb 24, 2019 05:31 AM
Ambassador
5,701,526
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

The agent is an agent of the Broker and the Broker is the agent of the client, and nobody is the agent of the customer.

Feb 23, 2019 09:35 PM
Rainmaker
6,968,613
Roy Kelley
Retired - Gaithersburg, MD

Follow the rules in your state.

Feb 23, 2019 05:46 PM
Rainmaker
994,662
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Give them the definition that is in the textbook for your prelicense class. Make sure you understand it well enough to be able to explain if you are asked. And that would be a good test question to appear on your state exam.

Feb 23, 2019 08:37 PM
Rainmaker
2,684,202
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Agency: Agent see or See agent means just that. You are represented

Feb 23, 2019 05:02 PM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That it doesn't exist in Oklahoma as we do not have common law in real estate here.

Feb 23, 2019 04:05 PM
Rainmaker
468,849
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Hand them the Agency Law Pamphlet or simply google it on my phone and show it to them...... If saying that agency is when someone is responsible for and has the duty to act on behalf or for the benefit of another in one or more capacities did'nt work for them.

Feb 23, 2019 03:52 PM
Rainmaker
1,231,605
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Good question.  It covered in Unit 16 of prelicense text book, Modern Real Estate Practice. 

Feb 24, 2019 10:47 AM
Rainmaker
1,425,250
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Just like any agency, talent, modeling, etc. people working on your behalf to make your money.

Feb 24, 2019 09:16 AM
Rainmaker
1,179,168
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

representation

Feb 24, 2019 07:56 AM
Rainmaker
4,303,179
Richard Weeks
Dallas, TX
REALTOR®, Broker

I use the attorney / client relationship.

Feb 24, 2019 06:48 AM
Rainmaker
2,051,705
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Representation

Feb 23, 2019 07:23 PM
Rainmaker
4,799,701
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The type of representation.

Feb 24, 2019 07:27 AM
Rainmaker
5,267,179
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Working for the client in their best interest.

Mar 03, 2019 09:53 AM
Rainmaker
1,045,215
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

I would ask them if they have access to a computer, dictionary or have a library in their town.

 

 

a·gen·cy

/ˈājənsē/

noun

1. a business or organization established to provide a particular service, typically one that involves organizing transactions between two other parties.

"an advertising agency"

synonyms:business, organization, company, firm, office, bureau, concern, service 

2. action or intervention, especially such as to produce a particular effect.

"canals carved by the agency of running water"

synonyms: action, activity, effect, influence, force, power, work; More

 

Feb 25, 2019 05:05 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Lyn has answered 

Feb 25, 2019 04:43 PM
Rainer
3,769
Sarah Guallasamin
Asher Realty - Cartersville, GA
"Don't just live here. Own it."

I recently had a similar question asked by people in Cartersville, GA and a few days later by someone in Atlanta, GA. I try to keep it as simple as possible for them so I told them:
Seller agency means the agent represents the seller
Buyer agency represents the agent represents the buyer
(Pretty much the same everyone else responded)

Feb 25, 2019 08:24 AM
Rainer
2,590
Matt J.
Red Bank, NJ
Real Estate Analyst

Agency refers to the company that offers specific services to clienmts or customers.

Feb 24, 2019 10:44 PM
Rainer
352,876
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Is there an instructor at your school?  Still scratching my head and wondering how asking on AR is beneficial?  How did we get so lucky?

Feb 24, 2019 04:18 PM
Rainmaker
3,376,874
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Agency equals the relationship you have with a customer. It could be buyer side, seller side or transactional meaning you represent no one here in NH. 

Feb 24, 2019 03:39 PM