What is the role of a single agent in a transaction?

A single agent in a transaction plays a crucial role by representing one client exclusively, which establishes a fiduciary relationship. This means that the agent is legally obligated to act in the best interest of their client, providing loyalty and full disclosure. By focusing solely on one party, the agent can offer tailored advice and guidance specific to that client’s needs and objectives, ensuring that their confidential information is safeguarded throughout the process.

In contrast, the other options describe different roles that do not align with the definition of a single agent. For instance, working under another agent with permission implies a subordinate role that does not convey the responsibility of representing a single client. Representing both the buyer and seller indicates dual agency, which can create potential conflicts of interest and is distinct from single agency. Serving as a facilitator for paperwork suggests a more administrative or transactional role without the fiduciary duties that come from representing a specific client’s interests exclusively. These distinctions clarify why the representation of one client exclusively is the defining characteristic of a single agent in a transaction.