What is a single agent relationship in real estate?

A single agent relationship in real estate refers to a situation where a broker represents one party in a transaction, either the buyer or the seller, while maintaining a fiduciary responsibility to that party. This means that the broker has a duty to act in the best interests of the client they represent, ensuring confidentiality, loyalty, and full disclosure throughout the transaction process.

By focusing on one party, the broker can provide tailored advice, negotiate effectively, and advocate for that party's interests without the complication of dual representation, which could lead to conflicts of interest. This is essential in real estate transactions where the stakes can be high, and a conflict of interest could harm the interests of one of the parties involved.