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Agency is simply the relationship between the principle (the seller or buyer) and the real estate professional. In agency, the professional has a fiduciary duty to look out for the best interests of his/her principle. The fiduciary duty is defined as the 'duty of utmost care, integrity, honesty, and loyalty in dealings.' from: http://ezinearticles.com/?Importance-of-Agency-in-Real-Estate-Transactions&id=6082717

