What term describes the relationship between a real estate agent and their client?

The term that describes the relationship between a real estate agent and their client is "agency relationship." This is a legal relationship where the agent acts on behalf of the client, with the authority to perform certain acts pertaining to the client's interests in real estate transactions. The agent has a fiduciary duty to represent the best interests of the client, which includes duties such as loyalty, disclosure, confidentiality, and accountability.

Understanding this relationship is key in real estate, as it establishes the responsibilities and expectations for both the agent and the client throughout the duration of their partnership. This concept is foundational in real estate practice and is pivotal in ensuring that the agent operates within the scope of the law while providing service to the client.

The other terms listed, while related to various aspects of real estate transactions, do not accurately capture the specific nature of the relationship defined by agency law. For example, "broker relationship" may imply a broader connection between brokers and agents, while "contractual relationship" refers to the legal agreements binding the parties, and "client relationship" is too vague without the specific implications of agency responsibilities.