In my previous blog, we checked out Exclusive Vs. Designated Representation.
Click here for more information.
The Seller and Buyer are represented by the same Agent and Firm who assist in facilitating a successful transaction. The Agent is limited in their ability to represent the Seller and Buyer. An Agent may NOT provide the following services in this type of representation:
The Seller is represented exclusively by the same Agent and Firm. The Buyer has no representation in this situation, however the Agent may provide ministerial acts to the Buyer to assist in facilitating a successful transaction. Ministerial acts include:
** A Seller may also be an Unrepresented Party in a transaction when a Buyer has representation.