Which type of representation exclusively represents either buyers or sellers?

A single agent represents either the buyer or the seller in a real estate transaction but not both. This type of relationship establishes a fiduciary duty to one party, providing that party with undivided loyalty, advocacy, and confidentiality. Single agency ensures that the agent prioritizes the interests of their client above all else in negotiations and dealings related to the transaction.

This exclusivity is important because it allows for a more personalized service. The agent is fully committed to the client, which can lead to more effective negotiating strategies tailored specifically to the interests and needs of that client. This focus can help in securing the best possible outcomes, be it for the buyer in obtaining a property at the right price or the seller in achieving the highest sale price.

In contrast, other forms of representation, such as dual agency, involve the agent representing both the buyer and seller, which can create conflicts of interest. Transaction brokers provide a more neutral service without the fiduciary obligation to either party, and designated agents work within a brokerage but may still represent both parties within the same transaction under specific conditions, which is also different from single agency.