What is the difference between a buyer’s and a seller’s agent?
A buyer’s agent and a seller’s agent are both real estate agents in California, but they have different roles in a real estate transaction. A buyer’s agent is an agent representing the buyer in a real estate transaction. They help the buyer locate potential properties, negotiate the purchase price, help with paperwork for the purchase, and advocate for the best interests of the buyer. Buyer’s agents are typically paid a commission from the seller when the property is sold. On the other hand, a seller’s agent is an agent representing the seller in a real estate transaction. They help the seller market their property, create advertising, negotiate terms with a potential buyer, and handle paperwork for the sale. Seller’s agents typically get paid a commission from the sale of the property. In summary, the main difference between a buyer’s agent and a seller’s agent is in the role they play in the real estate transaction. A buyer’s agent works for the buyer and is usually paid by the seller, while a seller’s agent works for the seller and is usually paid by the buyer. Both are important parts of a real estate transaction in California and have their own specific responsibilities.
Related FAQs
What is a deed in lieu of foreclosure?What is an Option Clause in a real estate contract?
What is the difference between a deed and a contract of sale?
What is the difference between a real estate agent and a real estate broker?
What is a deed of trust with a due-on-sale clause?
What is the difference between a real estate attorney and a real estate agent?
What is a lease option?
What options do I have if I'm facing foreclosure?
How do I qualify for a mortgage loan?
What are the rights of a tenant upon foreclosure?
Related Blog Posts
Everything You Need to Know about Hiring a Real Estate Lawyer - July 31, 2023The Benefits of Working with a Professional Real Estate Lawyer - August 7, 2023
Navigating the Home-Buying Process with Residential Real Estate Law - August 14, 2023
Knowing Your Rights: An Overview of Residential Real Estate Law - August 21, 2023
Real Estate Law: How to Avoid Common Pitfalls - August 28, 2023