Real Estate Law: Client Representation in Transactions

Who is Randy's client?

Randy has a written listing agreement with Brent, a seller. The buyer is Tim.

Answer:

Randy has a written listing agreement with Brent, making Brent his client. Therefore, in Real Estate Law transactions, Randy is representing Brent as his agent.

In the given scenario, in Real Estate Law transactions, it is important to identify who is the client of the real estate agent involved in the transaction. In this case, Licensee Randy is representing Brent, who is the seller. This is evident because Randy has a written listing agreement with Brent, which establishes a legal relationship between them.

Real estate agents act as agents for their clients, representing them in transactions and negotiations. When an agent has a written agreement with a party, such as a listing agreement with a seller, that party becomes their client. Therefore, with the written listing agreement in place, Brent is Randy's client in this situation.

It is crucial for real estate agents to understand their obligations and responsibilities to their clients. By having a clear understanding of who their client is in a transaction, agents can effectively advocate for their client's interests and ensure compliance with Real Estate Law regulations.