A broker who supplies financing for a condominium project with exclusive selling rights represents what type of relationship?

When a broker supplies financing for a condominium project while simultaneously holding exclusive selling rights, this situation exemplifies an agency coupled with an interest. This type of agency exists when an agent holds a personal interest in the transaction they are facilitating.

In this context, the broker's provision of financing means they have a vested interest in the success of the sale of the condominium units. This interest aligns their motivations with those of the seller and creates a unique dynamic within the agency relationship. The broker's role goes beyond merely acting on behalf of a client; they also stand to gain significantly from the completion of the transaction, which can lead to additional responsibilities and obligations in the representation.

Understanding this concept clarifies the nuanced relationships in real estate transactions, particularly when financial stakes are involved. In contrast, the other types of agency relationships, such as general agency or dual agency, do not encompass that same level of personal investment tied to the financing aspect. Transaction brokerage, on the other hand, typically involves a neutral role where the broker facilitates the deal without agency obligations to either party, making it distinct from the situation described.