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

A Listing Agreement and a Buyer Representation Agreement are both agreements that are used when buying and selling residential real estate in North Carolina. However, the two agreements serve different purposes and are used by different parties. A Listing Agreement is an agreement between a homeowner and a real estate broker or listing agent. In this agreement, the homeowner agrees to hire the broker or agent to help them market and sell their property. Typically, the homeowner pays the broker or agent a commission for this service when the property is sold. On the other hand, a Buyer Representation Agreement is an agreement between a homebuyer and a real estate broker or buyer’s agent. In this agreement, the buyer agrees to hire the broker or agent to help them find and purchase a property. Typically, the buyer pays the broker or agent a commission for this service when the property is purchased. In summary, a Listing Agreement is used by a homeowner and broker or agent to help sell a property, while a Buyer Representation Agreement is used by a homebuyer and broker or agent to help purchase a property.

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

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