Which type of agency relationship represents only one party in a real estate transaction?

The single agent relationship is significant in real estate transactions as it represents only one party, whether that be the buyer or the seller, and advocates exclusively for that party's interests. In this type of agency, the agent has a legal obligation to act in the best interest of their client, providing services and advice that align solely with the client's needs and goals. This focused representation fosters a stronger trust and deeper connection between the agent and their client, allowing for tailored strategies and negotiations that reflect the client's objectives.

In contrast, a transaction broker does not represent either party but instead facilitates the transaction, focusing on administrative tasks and ensuring that the transaction proceeds smoothly without advocate obligations. Similarly, a sub-agent represents the principal but operates under the agency of another agent, rather than solely representing the interests of one party. Limited consensual dual agency involves an agent representing both parties in a transaction, which can create potential conflicts of interest, as the agent must balance the needs and desires of both clients.

Therefore, the defining characteristic of a single agent is its exclusive representation of one party, ensuring dedicated and loyal advocacy throughout the real estate process.