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Agency relationships are one of the most important PSI exam topics for future real estate agents. In this video, we break down agency relationships in real estate in simple, clear language so aspiring agents can understand how representation works and how to answer PSI test questions with confidence. You will learn the key differences between a buyer’s agent, seller’s agent, dual agent, and transaction broker, plus real estate fiduciary duties, disclosure rules, confidentiality, and agency agreements you need to know for the PSI real estate exam. This lesson focuses on national real estate licensing fundamentals and PSI exam prep for beginners studying for their real estate license. RealEstateU helps beginners learn real estate the right way: at your own pace, 100% online, and built for aspiring agents who are starting a new career in real estate. We never mention competitors. PSI exam prep starts with understanding agency relationships. This is beginner-friendly real estate licensing education designed to help you pass the PSI test and begin your real estate career confidently. When you're ready for your next step, visit RealEstateU.com. AI Disclosure: This video includes AI-assisted script and/or visuals created for educational and presentation purposes.