It’s important to understand that REALTORS® have certain legal obligations, depending on whether they’re working for the seller or the buyer.
A REALTOR® working for a seller is the Listing Agent. The Listing Agent is under contract with the seller to market and sell their property for the best possible price. When you work with with a listing agent, they can:
- Arrange a showing of the property.
- Provide details about the property.
- Assist with financing the property.
- Explain all the forms and agreements related to buying the property.
A REALTOR® working for a buyer is the Buyer Agent—or your Personal REALTOR®. When you engage their services, they are under contract to work solely in your best interest. So in addition to the services listed above, your Personal REALTOR® provides:
Confidential assistance to address your needs first. A Personal REALTOR’s®, job is to ensure you are an educated buyer in all aspects of the process.
- Diligent care, free from any conflict of interest.
- Access to all listings, including MLS, bank-owned properties, distress and estate sales, and homes that were previously listed where the seller might still be interested in selling.
- Expert advice on market value, inclusions, location, and more to help you decide whether to offer or not.
- Ensuring you’re fully informed about the property, including liens, warranties, and disclosures.
- Expert negotiation of your offer to purchase, aimed at getting you the best possible price and terms.
- Expert advice on useful clauses that protect you, regarding conditions such as home inspections and financing.