The law of agency can best be summed up as: Rules that apply when one person is acting for another An agent obtained permission to show a FSBO property (for sale by owner). The prospective buyer loved the property and made an offer, which the agent presented to the owner. When the transaction closed, the FSBO owner paid a brokerage commission. Did the agent and the seller have an agency relationship in this case? Yes, but only if they entered into a listing contract XYZ Realty has the exc...

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