Difference Between A Buyer's Agent And A Seller's Agent

Posted by Bill Marek on Monday, December 21st, 2015 at 8:43pm.

Most clients are not aware of the difference between a "buyer's agent" and a "seller's agent". The traditional seller's agent represents the seller and specializes in listing properties. The seller's agent signs a contract or listing agreement and has the responsibility to get the seller the most money possible for the property. If you, as a buyer, call the phone number on a listing sign and ask to see the property, there are a few things you should be aware of. First of all, if you meet the listing agent by yourself at the property, you should know that this agent represents the seller, not you. It is legal for the agent to work with you directly but they must disclose to you that they have a conflict of interest and it must be in writing. A lot of people are not aware of the relationship between the seller's agent and the property owner. Most of the experienced professional seller's agent will recommend that buyers find representation in the form of a buyer's agent. Most buyer's agent do not charge a fee to their client and get their compensation from the seller at the close of escrow. The only thing they expect from the client is their loyalty. If you are ready to start your journey for that perfect home that you have dreamed about, you owe it to yourself to find a good buyer's agent. Probably the most important thing you should look for is someone who communicates well with you. You really do need help in your search and especially when you find the home you want and need to write an offer. Unless you are experienced in writing real estate contracts, you would be at a big disadvantage. Can you imagine finding the right home after several months of looking, only to lose it because your offer is unrealistic or incomplete. Do yourself a favor; find a buyer's agent as soon as possible.

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