Agency

Agency is a legal relationship where one party (the agent) is authorized to act on behalf of another party (the principal) in business transactions.

PartyRole
PrincipalProperty owner or buyer
AgentBroker or real estate company
Authority scopeDefined in agency agreement
Fiduciary dutyAgent owes loyalty to principal
Dubai FrameworkRequirement
RERA registrationAll agents must be registered
Written agreementForm A or Form B required
Exclusive vs non-exclusiveBoth types permitted
Commission structureTypically 2% each side

Related Terms

Agency Agreement Agent AuthorityBrokerageCommission

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