Asked by: Frank Schmittbauerasked in category: General Last Updated: 20th January, 2020
Does a seller's agent represent the broker?
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.