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AN AGENCY IS NOT JUST A COMPANY
AGENCY IS THE LEGAL DEFINITION OF REPRESENTATION IN THE REAL ESTATE PROFESSION - IT IS ALSO OVERUSED, UNDERRATED AND GENERALLY MISUNDERSTOOD.
WHEN SELECTING A REAL ESTATE AGENT, IT IS IMPORTANT TO HAVE SOME KNOWLEDGE ON THIS SUBJECT.
Agency also refers to the relationship that the Broker and the real estate agent has with a Principal, or a person who requests their services. The Principal could be a buyer or a seller.
An agency relationship requires that the principal (client) contracts with the agent, which includes the broker’s entire company, to act on the client’s behalf by pledging 6 fiduciary duties to the principal.
STATE AGENCY DISCLOSURES
In order to inform and protect consumer home buyers, state agency disclosure forms were created by both NH and Maine Real Estate Commissions in the 1990's. The Commissions felt it was important that consumers understand the options available to them in working with real estate agents PRIOR to commencing a relationship with a real estate agent or company. You may click on the appropriate disclosure for the state where your primary search will take place. Please note that neither of these disclosures commits you to any relationship or obligation to do business with Buyer's Brokers of the Seacoast. They are presented here for disclosure and compliance purposes only.