What does single agency imply in a real estate context?

Single agency in a real estate context refers specifically to the representation of only one party in a transaction, either the buyer or the seller, but not both. This arrangement is essential in preserving the loyalty and advocacy of the agent toward the client they represent. By focusing solely on one party's interests, the agent can provide dedicated support, tailored advice, and strategic negotiation aimed at achieving the best outcome for that particular client.

This concept is critical in maintaining clear and undivided allegiance to the party that the agent is representing, ensuring that the agent acts solely in the best interests of that client without any potential conflict of interest that could arise from representing both sides. Providing this focused representation enhances the overall experience and effectiveness of the real estate transaction for the client involved.

The other options describe scenarios that do not align with the definition of single agency. Representing both the buyer and seller is known as dual agency, which may lead to conflicts of interest and complexities in negotiation for the agent. Multiple brokers handling the same client suggests a situation of multiple agency rather than single agency, where several agents might collaborate to represent a client. Lastly, stating there is no agency relationship indicates a lack of representation altogether, which is contrary to the concept of single agency. All these alternatives