Final answer:
The relationship between a For Sale by Owner seller and a licensee who is shown the property is typically that of a customer to a real estate professional, with no agency relationship established.
Step-by-step explanation:
When a licensee is given a tour of the home by a For Sale by Owner (FSBO) seller, the relationship between them is typically that of a customer to a real estate professional. There is no formal agency relationship established simply through the act of showing the home. Unless there's a written agreement that states otherwise, the licensee owes no fiduciary duties to the seller and is simply performing a showing, which may potentially lead to bringing a buyer or representing the buyer's interest against the seller's interest in a transaction. The seller remains as an unrepresented seller, and the licensee could end up representing the buyer's interests if a buyer's agency agreement is entered into later on.