Things You Should Lnow About How Real Estate Agents Differ

Things You Should Lnow About How Real Estate Agents Differ
Here's a brief look at some of the details you should know prior to disclosing confidential information to a Real Estate Agent:
Seller's Agent

• An agent working for the firm that holds a seller's listing. An agent working for a firm belonging to an affiliated or local Board of Realtors is called a seller's sub agent, and is in the same category.
• The agent's loyalty is with the seller.
• Buyers should not give confidential information to a seller's agent.
• Assume any agent is a seller's agent unless you've signed a contract to change that status.

Buyer's Agent

• An agent who has signed a contract to represent a buyer in a home search and transaction.
• The agent's loyalties are to the buyer.
• Buyer's agents should not disclose confidential information about the buyer to the seller or seller's agent.
• Some buyer's agents work exclusively with buyers, taking no listings. Many do both.

Dual Agent

• An agent who works for the firm that holds a seller's listing, and who has signed a contract to represent a buyer who wishes to purchase that listing.
• The agent has a loyalty to both the buyer and seller.
• Dual agency must usually be agreed to in writing by both the buyer and the seller.

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