If you have a listing agreement with Sam, what is Sam's relationship to you?

When you have a listing agreement with Sam, he is considered your client. In real estate, a client is typically someone with whom an agent has a formal relationship, which includes an agreement that outlines the obligations and expectations of both parties. This relationship entails a fiduciary duty, meaning that you must act in the best interest of Sam regarding the sale or leasing of his property.

As a client, Sam is entitled to your full range of professional services, including negotiation support and advice on legal and financial matters related to the transaction. The establishment of a listing agreement signifies that Sam has engaged your services specifically, thus creating a higher level of commitment and responsibility on your part to represent his interests.

In contrast, a customer is someone who may utilize some services without entering into a formal agreement, meaning they do not receive the same level of care or fiduciary responsibilities. A broker refers to the licensed individual or entity that oversees real estate transactions and may not apply directly to your relationship with Sam unless you are the broker. A partner implies a shared ownership or management of a business entity, which typically does not apply in standard real estate transactions unless specifically defined.