Question Details

rockinblu, Other/Just Looking in Austin, TX

OK. Which is Which?

Asked by rockinblu, Austin, TX Wed Jan 7, 2009

Why is there so much confusion on the term seller's agent? I've seen it explained both ways and used both ways. The first is from a link on a blog that makes sense to me. The second is actually from an agent on Trulia. Nothing bad is intended in the way of a reflection upon this agent, because as I posted earlier I see this type of usage or misusage quite often. Are the terms used differently in different areas. What gives???

"Seller agency is a relationship where the licensee, upon entering into a written agreement, works only for a seller/ landlord."

"The seller should expect to pay 3% to the Selling Office (the agent representing the buyer)"

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Answers

14
BEST ANSWER
That is correct, oh great rocker of cyan
2 votes Thank Flag Link Thu Jan 8, 2009
Alan May, Real Estate Pro in 60201
MVP'08
Contact
In RE jargon, the agent who represents the buyer is called the "selling agent". The agent who lists the home for sale is called the "listing agent". The broker the listing agent works with is the "listing office" and the buyer's broker is the "selling office".

When a Realtor represents a buyer and helps the buyer purchase a home, they say "I sold a home to Joe".

I agree that the verbiage is confusing. I've tried to get the Realtors in my town to change their way of thinking, they just don't have the time or the interest.
1 vote Thank Flag Link Sat Jan 24, 2009
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Merci for the thumbs up!!!
1 vote Thank Flag Link Sat Jan 24, 2009
(((ROCKIN)))

You always have such interesting posts!!! In response...happy birthday to the king.

Have an enjoyable day,

Susan
1 vote Thank Flag Link Fri Jan 23, 2009
When Realtors talk to Realtors we talk about Listing agents (the agent representing the home for sale) and Seller's agents (the agent who represents the buyer)... don't ask me why it's set up that way... it just is.

When talking to the public, however, we general talk about Listing agents (representing the home) and buyer's agents (representing the buyer).

The same would apply for LISTING office vs. SELLING office.

Clear as mud.
1 vote Thank Flag Link Thu Jan 8, 2009
Alan May, Real Estate Pro in 60201
MVP'08
Contact
The easiest way to think of this is to look at where you are at in the transaction. When the property is available you have a Sellers agent and a Buyers agent. When you go under contract you now have a Listing agent and a Selling agent. They are still the same people but the titles have changed with the duties of the transaction.
Web Reference: http://www.Find1Home.com
1 vote Thank Flag Link Thu Jan 8, 2009
I know it is confusing. In face to face while talking a lot of agents call the buyers agnet the buyers agent and the sellers agent the sellers agent. On contracts it is usually described as the buyers agent as the selling agent and for the sellers agent it is usually as the listing agent. It just depends on which agent you talk to. Agents throw these terms loosly. So technically it is sellers agent is the buyers agent.
1 vote Thank Flag Link Wed Jan 7, 2009
It all depends on how a person reads the question. I make attempts since some of general public does not understand terms in real estate keep is simple listing agent or buyers agent.

If a person referenced seller agent to me could mean 2 things I would need to question person about their statement. Before I continued any statement

GREAT COMMENT
Web Reference: http://www.lynn911.com
1 vote Thank Flag Link Wed Jan 7, 2009
"(((ROCKIN)))

You always have such interesting posts!!!"
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Thanks Susan,

Now if only I knew what I was talking about. lol
0 votes Thank Flag Link Sun Jan 25, 2009
"When a Realtor represents a buyer and helps the buyer purchase a home, they say 'I sold a home to Joe'."
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Thanks Keith. At least from that perspective I can see some justification in a "buyer agent" (lay term) being refferred to as the "selling agent" by the professionals.
0 votes Thank Flag Link Sun Jan 25, 2009
Alan,
Thanks for your thorough explanation. if i understood it, it must have been thorough.

On a side note.....I am heartbroken that no one has acknowledged my tribute to the king's birthday in the Q&A general area. Time is running out. :(
0 votes Thank Flag Link Thu Jan 8, 2009
"The same would apply for LISTING office vs. SELLING office."
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Alan,

In Realtorspeak then the selling office is actually the office of the buyer agent. Is that correct?
0 votes Thank Flag Link Thu Jan 8, 2009
i have an issue to mention in this particular area. At times,I have posted ananswer suggesting that someone contact the listing agent(and who would have better info) for details. Others have responded by urging the person asking the question to ignore my answer & contact a buyer agent,implying that the listing agent will take advantage & not represent their best interests. I find this unprofessional. I don't think it's particularly ethical for one realtor to advise someone against contacting another agent and implying that that agent would act in an unethical manner.
0 votes Thank Flag Link Thu Jan 8, 2009
"So technically it is sellers agent is the buyers agent."
Derek
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"When you go under contract you now have a Listing agent and a Selling agent. They are still the same people but the titles have changed with the duties of the transaction."
James
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"If a person referenced seller agent to me could mean 2 things I would need to question person about their statement. Before I continued any statement."
Lynn
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OK y'all. My head is spinning, but I have given all of you a thumbs up for effort. Anyone else?.
0 votes Thank Flag Link Thu Jan 8, 2009
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