In a transaction where the seller pays the commission split with an owner broker, what type of agency is the owner broker acting as?

In a transaction where the seller pays the commission split with an owner broker, the owner broker is acting as a single agent for the owner. This means that the broker has a fiduciary duty to represent only the interests of the seller in the transaction. As a single agent, the broker is responsible for promoting the seller's best interests, providing advice, and maintaining confidentiality about the seller's situation and motivations.

In this context, the broker is not representing the buyer or any other party; instead, their loyalty and obligations are solely to the seller. This relationship is characterized by a clear commitment to the seller, allowing the broker to fully advocate for that party without any conflicts of interest arising from dual representation or responsibilities to multiple clients.

This understanding highlights the importance of the agency relationship in real estate transactions, where clarity about who represents whom is crucial for maintaining ethical standards and effective communication.