What type of relationship is established when a seller engages a broker for sales representation?

When a seller engages a broker for sales representation, a single agency relationship is established. In this scenario, the broker acts solely on behalf of the seller, representing their interests in the transaction. This relationship ensures that the broker owes fiduciary duties, such as loyalty, obedience, disclosure, confidentiality, and accounting, exclusively to the seller, facilitating a dedicated and focused representation in the sale of the property.

In a single agency relationship, the broker is responsible for advocating for the seller’s best interests, negotiating on their behalf, and providing necessary advice and support throughout the transaction process. This contrasts with dual agency, where a broker represents both the buyer and seller, potentially creating conflicts of interest. A general agency relationship involves broader authority and responsibilities beyond a single transaction, while transaction brokerage typically refers to a situation where the broker does not represent either party in a fiduciary capacity, focusing instead on facilitating the transaction. Thus, the single agency relationship best fits the situation where a seller engages a broker for sales representation.