Choosing a Realtor

One of the things you will learn in our workshop is that choosing a realtor can make or break your home buying experience. We have some helpful tips that will make your choice easier.

There are four basic types of Realtors: Seller Agents, Exclusive Buyer Agent (broker), Dual Agents (including non-exclusive buyer agents) and Transaction Brokers. So what do each of these realtors do?

Seller Agent

- Lists property and represents the seller. This broker works with the seller to ensure the seller’s needs are met. Any conversations that a future homebuyer has with the realtor can be communicated to the seller.

Exclusive Buyer Agent

- Represents homebuyer, never sellers. These agents are contractually obligated to get the best price and best terms for the homebuyer.

Dual Agents

- Dual agents are real estate agents whose company lists property, but act as buyer agents on those properties. These agents are very controversial and many consumer advocates warn against using this type of agent.

Transaction Brokers

- These agents are known as facilitators, finders and statutory agents. Most consumer advocates recommend avoiding this type of agent.