Single Agent
Definition and meaning of Single Agent in real estate.
Single agent is a licensed real estate broker or agent who represents only one party, either the buyer or the seller, in a real estate transaction.
In more detail
This relationship creates a fiduciary duty, meaning the agent owes complete loyalty, confidentiality, obedience, and full disclosure to their client. Unlike dual agents who try to represent both sides, a single agent represents the interest of their client exclusively. This representation helps clients negotiate the best possible price and terms without conflicts of interest. Fiduciary duties and agency disclosures vary by state, so consumers should review the local agency agreement carefully.
Key facts
| Category | Buying & Selling |
|---|---|
| Fiduciary duty | Owed exclusively to one client |
| Also known as | Exclusive agent |
| Representation | Represents buyer or seller, never both |
A home seller hires a listing agent as a single agent, ensuring that the agent will work solely to get the highest possible price for the seller and will keep the seller's financial situation confidential.
Frequently asked questions
Can a single agent show properties listed by their own brokerage?
Depending on state laws, if a buyer's agent shows a home listed by their own broker, the relationship may transition to dual agency unless specific disclosures are made.
What are the main benefits of working with a single agent?
The main benefits include undivided loyalty, complete confidentiality, and an advocate who is legally obligated to negotiate solely in your interest.