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A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent.
Seller vs. buyer commission. Sellers sign a listing agreement with a Realtor in which they agree to pay a commission fee after the transaction closes.
The seller, often in concurrence with the real estate agent, may choose to accept an offer that is lower than the highest offer for various reasons, such as terms or contingencies in the purchase contract offered or perceived differences in financial qualification of the competing buyers. Typically, the real estate agent has the experience and ...
All real estate agents must abide by two federal laws: ... When you decide to move ahead with a specific agent, you will be asked to sign a buyer-broker agreement, which is a legally binding ...
Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [ 1 ]
Buyer’s agents vs. seller’s agents. A buyer’s agent represents a homebuyer in a real estate transaction, while a seller’s or listing agent is responsible for the seller’s side, including ...
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