What is the typical type of agency relationship between a broker and a seller?

The typical type of agency relationship between a broker and a seller is known as special agency. In this arrangement, the agent (the broker) is authorized to perform a specific task or act on behalf of the principal (the seller) in a limited capacity. This often includes activities related to the sale of the property, such as marketing, showing the property, and negotiating offers.

Special agency is characterized by its limited scope, as the agent does not have the authority to make decisions or take actions beyond what is expressly authorized by the principal. The agent is tasked specifically with the sale of the property, and once the sale is complete, the agency relationship typically ends.

In contrast, general agency involves a broader range of responsibilities, often spanning multiple transactions or activities, while exclusive agency refers specifically to a listing type where the seller retains the right to sell the property themselves without owing a commission. Transaction agency, on the other hand, involves facilitating a transaction between parties without representing either one as an agent.