Asked by: Frank Schmittbauer
asked in category: General Last Updated: 20th January, 2020

Does a seller's agent represent the broker?

Agents, on the other hand, must work under a licensed broker who is legally responsible for them. Brokers and agents can represent the buyer, the seller, or both. Whichever you work with, they're legally required to review with you a disclosure document called the Agency Relationships in Real Estate Transaction.

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Also, what is seller's agent?

A seller's agent is the real estate agent or REALTOR® who represents the person who wants to sell their property. “Seller's agent” and “listing agent” are often used interchangeably. This in contrast to a buyer's agent, who represents the person who is interested in purchasing the property.

Additionally, can a listing agent represent the buyer? Yes, that's allowed. The situation you're referring to is called transaction brokerage. Transaction brokerage is a service option when your real estate professional represents a buyer client interested in purchasing the property in which you are the seller client.

Also to know, what is the difference between a buyers agent and a seller's agent?

Long story short: a buyer's agent can technically be called the “selling agent,” once a contract has been entered into. A listing agent is referred to as the “seller's agent,” since they are representing the seller. Just remember: buyer's agent = selling agent (sometimes); Listing agent = seller's agent.

What is a real estate brokerage?

Real estate broker. A real estate broker, real estate agent or realtor is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.

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