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

The Listing Agreement and Buyer Representation Agreement are both important legal documents in Residential Real Estate Law in South Carolina. A Listing Agreement is a contract between a real estate property owner or seller and a real estate agent or broker. It outlines the services the agent or broker will provide in order to help the seller market, advertise, and sell the property. It also outlines the commission and fees the agent or broker will be paid for their services. A Buyer Representation Agreement is a contract between a real estate buyer and a real estate agent or broker. It outlines the services the agent or broker will provide in order to help the buyer find, evaluate and purchase a property. It also outlines the commission and fees the agent or broker will be paid for their services. The main difference between the two agreements is that one is for a seller to hire a real estate agent or broker to help them sell their property, while the other is for a buyer to hire a real estate agent or broker to help them buy a property. In each agreement, the roles of the agent or broker and their commission are agreed upon so that all parties are aware of their responsibilities and expectations.

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

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