Types of Real
Estate Agents
Seller Agency. Agent represents seller (the client)
but can assist buyer (the customer) with information. By law, seller agents must use their
skills to protect the seller's interest, including negotiating in the seller's favor.
Seller agents include listing agents and their cooperating subagents.
Buyer Agency. Agent represents buyer (the client).
Buyer agents must use their skills to protect the buyer's interest, including negotiating
in the buyer's favor.
Disclosed Dual Agency (Non-Agency). Agent seeks
permission to offer limited representational services to both buyer and seller on the same
transaction. A disclosed dual agent ceases to be an advocate and cannot negotiate in favor
of the buyer nor the seller.
Other Types of Non-Agency.Non-agents are
facilitators who assist buyers and sellers but do not represent either side. Non-agents
are not liable as fiduciaries under the law. They are authorized to provide informational
services but have no obligation to protect, advise, advocate, nor negotiate for either
side.
Thinking of buying or selling real
estate? Visit the
Appalachian Mountain Realty Guide.
Realtor and For Sale by Owner real estate listings with a great selection of mountain homes and land
for sale.
Top - First
Time Buyer |