What role does an agent play in an agency relationship?

An agent plays a crucial role in an agency relationship by acting as a representative on behalf of the client. This relationship is fundamentally built on trust and fiduciary duty, where the agent is responsible for representing the interests of the client, whether they are a buyer or a seller in a real estate transaction.

In this capacity, the agent goes beyond merely advising; they are empowered to negotiate, make decisions, and take actions that directly affect the transaction, all aimed at achieving the best outcome for their client. This includes presenting offers, negotiating terms, and ensuring that the transaction aligns with the client's goals. The agent's actions should always reflect the client's wishes and needs, providing guidance and expertise throughout the process.

The essence of the agency relationship is the authority given to the agent by the client, which distinguishes them from mere advisors or observers. This authority allows the agent to actively engage in the sale or purchase of property, facilitating the transaction with professionalism and knowledge of the market.