... fundamentals of agency law have remained largely unchanged for hundreds of years. However, the application of the law has changed dramatically, particularly inresidential transactions. As states ... not have representation in the traditionalagency model transaction.Seller agency model downfall. The traditional model of real estate agency hasseveral weaknesses. First, buyers are often confused ... rules andregulations, and licensed real estate professionals, many of the practices can be tracedback to Taylor's theory. As in any professional industry, education and training effortremain...