What defines a single agent in real estate?

A single agent in real estate is defined as a broker or salesperson who represents only one party in a transaction. This representation can be either on the seller's side or the buyer's side, but the key is that they have a fiduciary responsibility solely to that single client. This involves putting the client's interests first, maintaining confidentiality, and fully disclosing all relevant information pertinent to the transaction to the client alone.

This concept is significant because it ensures that the agent's loyalty and efforts are directed toward a single party, reducing potential conflicts of interest that could arise if they were representing multiple clients or parties in the same transaction. Understanding this definition is crucial for those engaging in real estate practices in Colorado, as it shapes how agents interact with clients and manage their duties and responsibilities.

In contrast, the other options describe different relationships or roles that do not align with the definition of a single agent. For instance, a broker representing multiple parties is clearly engaged in dual agency, which creates a situation where loyalty may be split. A party representing themselves is not categorized as an agent at all, and a licensee working for a training company does not pertain to the agent-client relationship in real estate transactions.