I have always thought that it is important for everyone in a real estate transaction to understand how real estate brokerage relationships interact. For Sale By Owners need this information so that they know who they are dealing with. I came across a simple example that broke down the players. BROKER - Most Realtors are “agents” who work under a “broker.” Some agents are brokers as well, either working for themselves or under another broker. As a normal definition, a broker is anyone who acts as an agent, bringing two parties together for any type of transaction and earns a fee for doing so. Real Estate Brokers and their associates are required to disclose any relationship they have with the buyers in a real estate transaction. There are several types of relationships. You should understand these at the time a broker provides specific assistance to you in buying real estate. Buyer’s Agent and Seller’s Agent relationships carry with them legal duties and responsibilities for the brok
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