Answer ( 1 )

  1. A brokerage relationship in real estate is a relationship between buyer and broker who helps the buyer to get his/her dream house. There are various types of brokerage relationships and the most common relationship is No brokerage relationship. Now as a buyer you must be thinking what is a no brokerage relationship. Here I have described about no brokerage relationship.

    • No  Brokerage relationship is a term when the seller or the buyer choose not to represent to the broker.
    • A broker working on the no brokerage relationship can enter a listing agreement and get paid by both the parties seller and buyer.

    Three conditions a person should follow in a no brokerage relationship:

    • Deal with honesty
    • Disclose all the facts to the buyer that may affect his/her deal. 
    • Should be honest and not take bribes from the buyer to coat the high price of the property.

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