Selling Agent vs Listing Agent: What Are the Differences?
If you’re selling a home or looking to buy one, you’ve likely come across the terms “selling agent” and “listing agent.” These two types of agents play different roles in the real estate process.
The differences between them are very important to understand. So, read on to compare a selling agent vs listing agent.
A selling agent, also known as a buyer’s agent, are realtors who represent the buyer in a real estate transaction. Their main goal is finding the best property that fits the buyer’s needs and budget. They also negotiate the best possible price and terms on their behalf.
The seller pays the commission for a selling agent’s services, usually a percentage of the property’s sale price. But, this is usually split between the selling agent and the listing agent.
On the other hand, a listing agent is a realtor who represents the seller in a real estate transaction. Their main goal is to market the property and find a buyer willing to pay the best price.
The listing agent handles pricing the property and advertising it. They also negotiate offers from potential buyers. They also handle the paperwork and legal details related to the sale of the property.
The seller typically pays the commission for a listing agent’s services, which is also a percentage of the property’s sale price. This commission is then typically split with the selling agent.
So, what are the key differences between a selling agent and a listing agent? We’ve listed the three main ones.
The main difference is who they represent in the transaction. A selling agent represents the buyer, while a listing agent represents the seller.
Another key difference is the role they play in the transaction. A selling agent’s main goal is to find the best property for the buyer and negotiate the best price and terms, while a listing agent’s main goal is to market the property and find a buyer willing to pay the best price.
Another difference is the commission they receive. A selling agent typically receives a commission from the seller, while a listing agent also receives a commission from the seller. However, the commission is usually split between the two agents.
Selling agents and listing agents have different roles and represent different parties. But they also often work together to complete a real estate sale. The listing agent will often work with the selling agent to negotiate offers.
They will come to an agreement that works for both the buyer and the seller. It’s important to note that both selling and listing agents are licensed, real estate professionals. They are both trained to handle the various tasks involved in the real estate process.
Choosing an Agent
If you’re looking to sell or buy a property, choosing an agent you feel comfortable working with is important. One that you trust to represent your best interests.
When choosing, consider their experience and reputation. Also, look at their ability to communicate effectively and negotiate on your behalf.
Understanding Selling Agent Vs Listing Agent
The main difference between a selling agent vs listing agent is who they represent and the role they play in the real estate transaction. While they often work together, it’s important to understand the differences between these two types of agents.
Make sure to choose one that you’re comfortable with.
For more on this topic, feel free to visit our blog!