Working with a Real Estate Agent
Working with a real estate agent that represents your interests can save you both time and money. Real Estate Agencies are required to provide a disclosure form to you stating what their relationship with you is, whether that of Sellers' Agency, Buyers' Agency, or Dual Agency.
Sellers' Agent: A seller's agent can assist the buyer but does not represent the buyer. The seller's agent must represent the interest of the seller.
Buyers' Agent: A buyer's agent can assist the seller but represents the buyer. The buyer can obtain a variety of information that may assist negotiations from the buyer's agent that the seller's agent could not provide.
Dual Agent: Under this relationship both buyer and seller can be represented by the same real estate agency as long as it is disclosed and agreed to by both buyer and seller. Under this agreement the real estate agent may not disclose confidential information that would affect negotiations.