The Distinction Between a Listing and a Selling Agent
Understanding the distinctions between a selling agent and a listing agent is crucial since you’ll need to know what to call the agents involved in a transaction, especially if you’re selling or buying your first home.
This piece of information can give you a boost of confidence as you progress through the procedure, and it’s easy to tell the difference between the two. Remember that the seller is represented by the listing agent, sometimes known as the “seller’s agent.” The selling agent, often known as a “buyer’s agent,” represents the buyer. Learn more about the functions of a listing agent versus selling agent so you can make better decisions as a buyer or seller.
What exactly does a listing agent do?
When it comes to selling your house, you’ll hire a listing agent to assist you. The real estate agent that represents the party selling their property is known as a listing agent. Their role is to price the home correctly and market it successfully. In an ideal world, they’ll assist the seller in finding a buyer for their home as quickly as possible while maximizing the profit. When selecting a listing agent, look for someone who is well-versed in your local housing market.
What exactly does a selling agent do?
A buyer is represented by a selling agent, who helps them find a home to purchase. Remember that a selling agent is referred to as the buyer’s agent before you sign a contract with them. They become the selling agent once the contract is signed. Buyers can benefit from working with a selling or buyer’s agent (note, both names refer to the same individual). Selling agents can save you time by researching all of the available residences in your area that meet your criteria. When you do identify a house you wish to buy, they’ll also assist you in forming an offer.
If you’re selling a house, you’ll work with a listing agent to help you price it, find a suitable buyer, and complete the transaction. If you’re planning to buy a home soon, you’ll hire a seller’s agent to assist you in finding homes that meet your criteria, taking you on home tours, and guiding you through the closing process. Even if the buyer and seller had never met before the sale, a listing agent and selling agent will work together to ensure that the house buying process runs smoothly for both parties.