Question: What If Your Realtor Is Also The Listing Agent?

In your situation, your real estate agent is the listing agent and is also your buyer’s agent.

In this case, your agent is considered to be a dual agent; and because an agent can’t hold a fiduciary duty to you and the seller in the same transaction, your agent’s role in the transaction is diminished.

Is it OK to use same realtor as seller?

Working with a seller’s agent is always an option when you’re buying a house, but should you? In the real estate biz, one agent representing both the seller and the buyer is called dual agency. Although it’s legal in some states, many real estate agents—and house hunters, too—see dual agency as a conflict of interest.

Is it better to work with the listing agent?

Many buyers think they will get a better deal on a home if they work directly with the listing agent. He or she actually works against a buyer’s best interests. Working with the listing agent could easily cost you money. A buyer’s agent is a realtor dedicated to the interests of you, the buyer.

Can the seller’s agent also be the buyer’s agent?

Designated agency is when two agents from the same firm are involved in a real estate transaction. One agent represents the buyer as a buyer’s agent and the other represents the seller as a seller’s agent.

What is the difference between a listing agent and a selling agent?

What’s the difference between a listing and selling agent? A listing agent is also known as a seller’s agent and represents the interests of the property owner in a real estate transaction. A selling agent is also known as a buyer’s agent and represents the interests of the property buyer in a real estate transaction.

What is a fair Realtor commission?

The typical commission is 6 percent, which is split by the agent for the buyer and the agent for a seller—3 percent each. But it’s only paid by the home seller.

Should I share my appraisal with my realtor?

Little to no risk but you don’t have to share your appraisal report. If you don’t plan on sharing it I suggest you call your lender and tell him that you do not want to share the report.

Can I look at houses without my Realtor?

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You can attend an open house, or call the seller or listing agent to ask for a tour. You should be clear with the listing agent that you are buying a home without an agent. If the listing agent asks you to sign any forms, have them reviewed by your attorney first.

Can you contact a listing agent directly?

Can buyers contact a listing agent directly? Technically—yes. The only people who may frown upon contacting a listing agent are buyer’s agents, who make their commissions based on representing buyers. But there is no law or rule saying a buyer cannot contact a listing agent.

Can I sell my house privately after listing with an estate agent?

Sole selling rights agreement – The estate agent in the contract is the only one allowed to sell your home during the period stipulated on the agreement. So you will have to pay the estate agent, even if you find your own buyer. You only pay commission to the estate agent that sell your property.

Is dual agency good?

Dual agency can also streamline the transaction process whether you’re the buyer or the seller. With one fewer agent in the mix, scheduling various events is a little easier. You could also potentially save some money, particularly if you’re the seller.

Is dual agency bad?

At best, they say, dual agents can’t fulfill their fiduciary obligations to both parties. They can’t advance the best interests of both buyer and seller because those interests always diverge. At worst, dual agency creates a harmful conflict of interest.

Can I have multiple real estate agents?

The short answer is yes, you can work with multiple real estate agents—under certain circumstances. Working with more than one real estate agent is fine when you haven’t signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA.