If a buyer is interested in a property listed with XYZ Realty but does not want to enter an agency relationship, what must be obtained?

In the context of South Dakota real estate practice, if a buyer is interested in a property listed with a firm like XYZ Realty but wishes to avoid entering into an agency relationship, obtaining the seller’s written consent to subagency becomes essential.

In real estate, subagency is a situation where an agent representing the seller allows other agents to represent buyers without establishing a direct agency relationship with those buyers. This means that if the buyer isn't looking to enter into an agency agreement with XYZ Realty, but still wishes to pursue the property, the real estate firm must ensure that it has permission from the seller to allow other agents to facilitate the transaction on a subagency basis.

This consent protects the interests of all parties involved and ensures that the broker represents the seller while still being able to show the property to the buyer, without the buyer asserting agency rights over the broker. It highlights the importance of clear agreements within the real estate transaction process, ensuring that all parties are aware of their roles and responsibilities.