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  • DIRECTORY
    • A - L >
      • Alabama
      • Alaska
      • Arizona
      • Arkansas
      • California
      • Colorado
      • Connecticut
      • Delaware
      • District of Columbia
      • Florida
      • Georgia
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      • Iowa
      • Kansas
      • Kentucky
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    • M - O >
      • Maine
      • Maryland
      • Massachusetts
      • Michigan
      • Minnesota
      • Mississippi
      • Missouri
      • Montana
      • Nebraska
      • Nevada
      • New Hampshire
      • New Jersey
      • New Mexico
      • New York
      • North Carolina
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      • Ohio
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    • P - Z >
      • Pennsylvania
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      • West Virginia
      • Wisconsin
      • Wyoming
  • TOPICS
    • My Advice with Interstate Brokerage
    • CRE Books to Read
    • Unlocking Your Potential with Reciprocity
    • MAPS
    • RE Lists
    • Types of Agency
    • Deeds
    • Navigating Out-of-State Real Estate: The Power of Independent Brokers of Record
    • Definitions
    • About NNN
    • Getting Into Real Estate
  • Brokers of Record
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Types of Agency Relationships


An agency relationship is engaged when an agent agrees to act in the best interest of a client (on their behalf) and represent them when dealing with another party.  An agency relationship requires that the agent provide a "fiduciary duty"  to the client to act loyally and obediently, and this means placing clients’ interests over agents' interests, being honest and acting in good faith while avoiding self-dealing and other conflicts of interest.
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Single Agency

A Broker or Agent represents the interests of the one party in Buying or Selling only.  
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Designated Agency

A Broker designates one Agent to represent the  Buyer and a different Agent (under the same brokerage) to represent the Seller.
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Dual Agency

A single Broker or Agent represents both Buyer and Seller typically in a limited agency relationship, not representing the best interests of either party.
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Transaction Brokerage

One Agent or two Agents in the same brokerage provide service to either or both Buyer and Seller, in a non-agency relationship, owing no fiduciary duties to either party.
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Limited or Ministerial

A listing Broker provides limited services to an unrepresented buyer.
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Sub Agency*

One Broker represents the Seller in an agency relationship. "Selling agents" who work with buyers are "subagents" of the listing broker and actually represent the Seller. Buyers are unrepresented. * Rarely Used anymore due to lawsuits


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​Peter Ciriello is a licensed real estate broker in New York, California and Georgia.
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