|
|
What
are Seller’s, Listing and Selling Agents?
|
|
|
|
The
Seller’s Agent markets the home to selling
agents.
|
|
A
“Seller’s Agent” is the agent
who represents the seller in selling his house.
The “Seller’s Agent” is the
“Listing Agent” who puts the “For
Sale Sign” in the front yard and advertises
the home for sale.
DON’T CONFUSE A "SELLER'S AGENT"
WITH THE SELLING AGENT.
|
|
|
|
Listing
Agent, So that's the guy that puts the sign
in the front yard |
|
The
"Listing Agent" is the agent who has
the "For Sale" sign in the front yard
of the home that is for sale. It is his job
to market the property for sale. He has a fiduciary
responsibility to represent the seller's best
interest and to sell the property for as much
as possible.
It's important that buyers, who do not have
an agent, realize that the listing agent represents
the seller. It is the listing agent's job to
sell the specific house that is listed for as
much money as possible!
If a buyer chooses to purchase a home directly
from the listing agent, the buyer has no agent
representation. In fact, on the face of the
contract, the listing agent notifies the purchaser
in writing that the listing agent represents
the seller, not the buyer. Buyers have the right
to counter this inequity by having an agent
represent their interest in a real estate transaction.
The agent that the purchaser selects to represent
them is called a "Buyer's Agent."
|
|
|
|
Selling
Agents represent purchasers! |
|
The
"Selling Agent" is the agent who is
working with the "Purchaser". It is
the "Selling Agent's" job to negotiate
for the purchaser, to write the contract and
to give it to the listing agent to be presented
to the Seller.
A buyer can have an agent called a "Buyer's
Agent" to represent him. The "Buyer's
Agent" responsibilities include representing
the buyer in a way to show the buyer all homes
in the buyers price range that might appeal
to them and not to try to sell any particular
home. The "Buyer's Agent" can be neutral
about the home's condition, value and neighborhood
and is able to point out features that may impact
the value of the home either positively or negatively
rather than trying to sell a specific home.
|