Agency is not as complicated as it sounds. Agency is a legal term which quite simply means:
"Who is representing you with your best interests in mind."

In a real estate transaction, there are three main types of agency representation which can occur:

(1) SELLER'S AGENCY

When you list with Michell, she undertakes a contractual obligation by which she and her company are representing you in your best interests. "Seller's Agency" is established in writing through the Listing Contract.

(2) BUYER'S AGENCY

This means that the other real estate agent who brings forward an offer on your home is representing the purchaser in their best interests. Although the other realtor's goal is to sell your property, they are representing their purchaser. Buyer's Agency may be established in writing through a Buyer's Agency Agreement.

If you are using the services of Michell Gunn to purchase another home, she will represent you as a purchaser under "Buyer's Agency".

(3) DISCLOSED DUAL AGENCY

This occurs when another agent from the same company brings forward an offer on your home. "Dual Agency" also occurs if one of Michell Gunn's clients wishes to make an offer on your property, which is listed through her.

The discussion of agency extends well beyond this simplistic interpretation. Michell would be very happy to provide you with all details on Agency.