What is the primary function of the Consumer Guide to Agency Relationships?

The primary function of the Consumer Guide to Agency Relationships is to explain the different types of agency relationships. It serves as an essential resource for consumers, helping them understand the various ways in which agents can represent them in real estate transactions. This guide clarifies the roles and responsibilities of agents and the legal implications of different agency arrangements, such as buyer agency, seller agency, and dual agency.

By educating consumers about these relationships, the guide empowers them to make informed decisions regarding their real estate dealings. Understanding the distinctions between agency types is crucial as it affects how clients interact with their agents and the level of representation they can expect. This knowledge fosters a more transparent and trusting relationship between consumers and real estate professionals.