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Information about a Seller's Agent4/26/2007 8:05:18 PMWhat is a Seller’s Agent?
Seller representation or Agency means a contractual relationship between the seller and his or her agent in selling a home or property. The agent will negotiate on behalf of and act as an advocate for the seller.
Is It In The Seller’s Interest To Work With Buyer Agents?
Absolutely! Working with Buyer Agents provides the seller with maximum exposure of their property, motivated, qualified buyers, and no liability for a subagent’s actions or misrepresentations to the buyer. Most of the time, there is no extra cost to have buyer representation.
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Infomation About Buyer Agency4/26/2007 8:05:05 PMWhat is a Buyer Representation?
Buyer representation or Agency means a contractual relationship between the buyer and his or her agent in the finding and purchasing of a home or property. The agent will negotiate on behalf of and act as an advocate for the buyer.
How Does is Work?
In every Real Estate transaction, there are 2 sides - the seller’s side and the buyer’s side. As an agents, we represent the party with whom there is a contract. Unless we have a contract with you, the buyer, my loyalty must be to the seller. As a Buyer’s Agent, we sign a contract with you the buyer. We can then put your interest first, negotiate on your behalf, and use our best efforts to find the property you are looking for.
Benefits to the Buyer
Ethically, as the seller’s subagent, we must tell you, the buyer, not to say anything to me that you would not say directly to the seller due to our contractual loyalty to the seller. However, as your buyer agent, we can give you our loyalty, and there is confidentiality. We are working in YOUR best interest.
Disadvantages to the Buyer
As your representative, we am working in YOUR interest. But, you as a buyer client, have a contractual responsibility to buy your property through us during the time the contract covers, even if you find a property on your own.
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