What describes the relationship when a broker finances a project under the condition of exclusive sales rights?

The correct answer is the principal-agency relationship. This type of relationship exists when one party, the principal, gives another party, the agent (in this case, the broker), the authority to act on their behalf in certain matters. When a broker finances a project under the condition of exclusive sales rights, they are essentially acting on behalf of the principal (the project owner or developer) to manage and facilitate the sale of the property, thereby establishing a fiduciary relationship.

Within this relationship, the broker is entrusted with leveraging their expertise and resources to market the project exclusively, which highlights the agent's duty to represent the principal's best interests. This dynamic is foundational in real estate transactions, as it outlines the responsibilities of the broker to act on behalf of the principal while ensuring compliance with legal and ethical standards.

In contrast, the other options represent different types of relationships that would not accurately describe the scenario presented. For instance, the buyer-broker relationship refers to the scenario where the broker represents a buyer rather than an owner or developer financing a project. The builder-agent relationship typically denotes an arrangement between a builder and an agent focused on the construction aspect rather than sales rights. The multi-agency relationship involves representation of multiple parties, which would not apply in a