What is the difference between a Listing Agreement and a Buyer Representation Agreement?

Listing Agreements and Buyer Representation Agreements are two important types of real estate contracts in the state of New Hampshire. They both define the respective obligations of the parties involved in a residential real estate transaction. A Listing Agreement is a contract between the property owner and the real estate agent. It outlines the duration of the collaboration and the duties that the agent will be expected to perform, such as advertising the home or obtaining offers. It is also presents the terms under which the agent will be compensated. A Buyer Representation Agreement, on the other hand, is a contract between the buyer and the real estate agent. It outlines the duties that the agent will be expected to fulfill on behalf of the buyer, such as finding suitable properties, providing advice, and gathering relevant data. It also presents the terms under which the agent will be compensated. The key difference between these two agreements lies in the roles they assign to the two parties: the Listing Agreement designates the real estate agent as the representative of the seller and the Buyer Representation Agreement designates the real estate agent as the representative of the buyer. As such, each agreement has different responsibilities and obligations that must be acknowledged for the transaction to be legally valid.

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What is the difference between a Listing Agreement and a Buyer Representation Agreement?

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