Which of the following describes the types of agency relationships in real estate?

The types of agency relationships in real estate are accurately described as buyer's agent, seller's agent, and dual agent.

A buyer’s agent is a licensed professional who represents the buyer in a real estate transaction, working to secure the best terms for their client. This agent focuses on understanding the buyer's needs and helping them navigate the market to find suitable properties.

A seller’s agent, on the other hand, represents the seller in the transaction. This agent is responsible for marketing the property, negotiating on behalf of the seller, and ensuring that the seller’s interests are prioritized throughout the selling process.

Dual agency occurs when a single agent represents both the buyer and the seller in the same transaction. While this arrangement can simplify communication and negotiations, it also creates an inherent conflict of interest, as the agent must balance the differing objectives of both parties.

The other provided options mention various types of agents that do not accurately capture the primary agency relationships that are commonly recognized in real estate transactions. For instance, terms like "investor's agent" and "renovation agent" are not standard categories of agency in the context of typical real estate transactions.