If you are searching for the meaning of Agency in real estate and also a definition of Agency, then this blog post is helpful for you
Definition
The legal relationship between a principal and an agent. In real estate transactions, usually the
seller is the principal, and the broker is the agent: however, a buyer represented by a broker (i.e., the buyer as principal is a growing trend. In an agency relationship, the principal delegates to the
agent the right to act on his or her behalf in business transactions and to exercise some discretion
while so acting. The agent has a fiduciary relationship with the principal and owes to that principal
the duties of accounting, care, loyalty, and obedience. Also, see the buyer’s broker.
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