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Find someone who cares about you and will take the time to listen to your needs.

More importantly, find someone that you can connect with that will always listen to your needs, in an ongoing fashion. Developing a strong relationship with your agent is the key to your success! You will be sharing confidential information and revealing personal data that will provide valuable insight into the home buying process. The degree of professionalism and trust you expect will ultimately guide you in making the right decision in choosing an agent to partner with in what will most likely be your largest single-most important purchase.

What does it mean to be represented by a real estate agent?

Minnesota law requires that early in any relationship, real estate brokers or salespersons discuss with consumers what type of agency representation or relationship they desire. The available options are listed below. If you desire representation, you must enter into a written contract according to state law (a listing contract or a buyer representation contract). Until such time as you choose to enter into a written contract for representation, you will be treated as a customer and will not receive any representation from the broker or salesperson. The broker or salesperson will be acting as a Facilitator, unless the broker or salesperson is representing another party as described below.

1.	Seller's Agent: representing and acting for the seller only. May be a listing agent, or any REALTOR® licensed to the listing broker, or a selling subagent.

2.	Subagent: a broker or salesperson who is working with a buyer but represents the seller.

3.	Buyer's Agent: representing and acting for the buyer only. As with a listing contract with sellers, an agreement for buyer representation must be in writing.

4.	Dual Agent: one licensee representing both the seller and the buyer as clients in one transaction, or two agents licensed to the same broker one of whom represents the seller and one of whom represents the buyer in one transaction. THis requires full disclosure and informed consent of both parties. Dual agents have a limited role, must not advocate or negotiate for either party, and must not act to the detriment of either party.

5.	Facilitator: a real estate licensee who works for a buyer, a seller or both in a transaction but does not represent either in a fiduciary capacity as a Buyer's Broker, Seller's Broker or Dual Agent. Facilitators may perform services for consumers, but do not represent them. Facilitators are bound by license law and common law, but owe only the fiduciary duty of confidentiality unless other fiduciary duties are agreed to between licensee and consumer.

Click here for a complete downloadable Agency Relationships in Real Estate Transactions disclosure form.

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