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Agency
In 1983, a Federal Trade Commission study revealed that over
72% of all home buyers nationwide mistakenly believed
they were being represented by the agent who was showing them
homes. As a result, laws requiring agents to disclose
exactly who they represent have been passed all over the country.
When consumers became aware that most agents worked for the seller,
they began demanding their own representation.
So, before we cover this "new" type of agency that
offers the buyer representation, let's cover the different types
of agencies that are out there.
Next >> Types of Agency
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Types
of Agency