What is the difference?
When comparing a Buyer Agent and Seller Agent, it is, for the most part, self-explanatory.
The Buyer Agent represents the Buyers in a transaction.
The Seller’s Agent represents the Seller’s in a transaction.
Breakdown of a Buyer Agent:
Buyer Agents assist clients with finding and purchasing real estate. They help them find a home in their price range and area. Buyer Agents bring clients to view homes, assess the market and neighborhoods for them based on their needs, as well as offering their expert advice. Buyer Agents receive commission as a participating agent in the transaction for representing said clientelle.
Working with a Buyer Agent has a few bonuses. For one, they can disclose information that a Seller’s Agent typically could not- out of respect and legalities regarding his or her contract with the Seller’s themselves. The Buyer Agent can also work to help you find your ideal home for a lower price through negotiation. Where as with the selling agent, there is no negotiating due to the legality of their contract to sell. If when inspecting a house, the Buyer Agent is inclined to protect you from purchasing anything that may cause problems in the long run or is not satisfactory. Therefore, a Buyer Agent can help you close comfortably, on your terms, with your interests in mind.
Breakdown of a Seller’s Agent:
The Seller Agent is entirely more straightforward. This agent works with the Seller to assist in getting their property sold. They evaluate the market value of said property, and establish a price at which they will put it up for sale. They receive their commission only if the home is sold. If the home is not sold, the Seller has the authority to pull the home from the market and cancel their contract to list, to pursue finding another Real Estate Agent.