Seller brokerage and buyer brokerage are classified as which type of agency?

The classification of seller brokerage and buyer brokerage as single agency is accurate because, in single agency, the agent represents only one party in a transaction. This structure allows agents to provide undivided loyalty and advocacy for the party they represent, whether it is the seller or the buyer.

In a single agency relationship, the agent's fiduciary duties, such as loyalty, disclosure, and confidentiality, are focused solely on their designated client. This creates a clear and focused representation in which the agent works exclusively for one party, avoiding any conflicts of interest that may arise in dual agency situations, where the agent would represent both the buyer and seller.

By defining seller and buyer brokerages under single agency, it emphasizes the obligation of each agent to serve their client's interests forthrightly and effectively, ensuring clarity in agency relationships during real estate transactions.