Robbie asks: “On a related thought, how did people buy & sell homes in the “dark ages
Tag Archives: agency
Who Represents Whom?
Which of the two agents on a sale represents the buyer and which one represents the seller?
To date everyone has been ragging on the seller’s agents for what they are not doing for the buyer. The agent who enters the info into the mls is, by definition, the fiduciary representative of the seller, not the buyer.
Just checking that you know that.
Licensees do not sell houses by law. By law they represent one of the parties, either the seller or the buyer (sometimes both).
When a listing is entered into the mls, there is no buyer yet. So the person entering the data is entering the info as the representative of the seller.
I keep hearing about what buyers want that agent to do, when it is only the seller that matters at that given point in time. Only the best interest of the seller client can be the motivation behind what to enter and what not to enter.
Does everyone understand that? Doesn’t seem so.