When you’re engaged in a real estate transaction, you should be clear about which party a real estate agent represents: the buyer, the seller, or both parties. The party that the real estate agents represent and have a fiduciary responsibility to can significantly affect how they act during ...
On this page, you'll find the legal definition and meaning of Real Estate Agent, written in plain English, along with examples of how it is used. What is Real Estate Agent? Someone who is licensed in a real estate transaction to represent either the buyer or seller. History and Definiti...
Real estate agent:A real estate agentis someone who is licensed in a state to represent buyers and sellers of property. During the buying process, they help you find and tour properties that meet your criteria, submit offers and negotiate with the seller’s agent. During the selling process,...
A residential real estate agent also should be able to present a house and sell the features it provides in a pleasing manner. A creative eye for design and detail can be a strong asset in this profession. Depending on whether an agent is acting on behalf of a buyer or seller, the ...
Some real estate companies choose only to represent buyers. They do not have any seller clients. Under an exclusive buyer agency, the company’s goal is only to serve the best interests of home buyers. An exclusive buyer’s agent (EBA) only represents home buyers and does not “list” hom...
Determine the type of agent you need Real estate agents can have different skill sets based on whether they represent both buyers and sellers or only one side of the transaction. Determining which real estate agent you need is key. What’s a buyer’s agent?
Picking the right agent to work with whom you know is working hard to represent you really depends on whether you are buying or selling. Abuyer’s agentneeds to be able to find and negotiate properties that meet their client’s preferences, and a seller’s agent needs to have expert skill...
Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? More Commonly Misspelled Words Words You Always Have to Look Up Popular in Wordplay See All What do SCOTUS, POTUS, and FLOTUS mean?
This is an important one: Whether they represent the buyer or seller in a transaction,real estate agents earn a commissionon the deal, usually a percentage of the home’s sale price. Each agent’s commission typically falls somewhere between 2.5 and 3 percent of the sale — so, for a $...
Did the agent represent both the buyer and seller in a transaction? These could be signs of an agent who isn't necessarily working in your best interest. Reviewing the Contract If you're selling a home, you'll be asked to sign a contract with your listing agent that establishes the total...