Table with 3 columns and 7 rows.
RepresentationCan represent either the seller, the buyer, or both in a transaction. When working for the seller, they are often referred to as listing agents, focusing on marketing and selling the property.Exclusively represents the buyer's interests in a real estate transaction, ensuring the buyer gets the best possible terms.
ResponsibilitiesFor sellers, responsibilities include listing the property, marketing it, and negotiating with buyers. For buyers, finding suitable properties, arranging viewings, and negotiating offers.Specifically focuses on finding properties that match the buyer's criteria, advising on the offer, negotiating purchase terms, and assisting through the closing process.
Client FocusTheir client focus shifts based on whom they are representing in the transaction – can be seller-focused or buyer-focused.Solely focused on the buyer’s needs and interests throughout the entire buying process.
LanguageThe language and communication style may vary significantly depending on the agent's profile, expertise, and the demographics they primarily serve. Demonstrates proficiency in both the local language and the language spoken by the buyer to ensure clear, effective communication throughout the buying process.
NegotiationWhen representing the seller, the real estate agent's primary goal in negotiations is to secure the best possible terms for the sale of the property. Focused solely on negotiating for the buyer's benefits, the buyer’s agent aims to obtain the most favorable purchase terms for their client.
DocumentationHandles all relevant documentation, whether for listing, buying, selling, or leasing properties. This includes contracts, disclosures, and negotiation documentation.Primarily deals with purchase offers, buyer-specific documents like pre-approval letters, and documents related to the buying process.
CommissionCommission is typically paid by the seller and then split between the listing (seller’s) agent and the buyer’s agent as per the agreement made in the listing contract.A buyer’s agent might be directly compensated by the buyer, especially in buyer’s broker agreements that stipulate such an arrangement.