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Agency by Estoppel

www.zrealestate.net - in this video we discuss agency by estoppel, what it means, and how it can affect buyer looking to buy homes. Agency by estoppel is a real estate term which means that the actions of a buyer, particularly those misleading actions in which buyers enlist the support of multiple agents simultaneously without telling any of the agents about each other, could force buyer to pay a commission to one or all agents. Once an apparent agency relationship has been established, it now becomes the responsibility of the buyer to set the record straight immediately. Failure to do so may result in the obligation of buyer to pay said agent a commission - this is called agency by estoppel.