Who chooses the type of brokerage relationship in real estate transactions?

In real estate transactions, the type of brokerage relationship is typically determined through mutual agreement between the broker and the buyer or seller. This collaborative choice is important because it sets the groundwork for how the parties will work together throughout the transaction.

Different types of brokerage relationships, such as single agency, transaction brokerage, or dual agency, come with specific roles, responsibilities, and obligations to the parties involved. Thus, it is essential that both the broker and the respective buyer or seller engage in this discussion to ensure that their needs and expectations are met.

By fostering this type of communication and decision-making, the parties can clarify their intentions and establish a clear framework for their working relationship, ultimately leading to a more effective and harmonious transaction process. The choice is not solely in the hands of one party (the buyer or the seller), nor can the broker unilaterally decide the relationship type without input.