A lot of people are familiar with only one type of agent/realtor in real estate. An agent that helps you get your dream home is called a selling agent, while agents that help you sell off your properties at the best price on the market is called a listing agent.

Whether you are in the market for a new home or selling the one you own now, chances are you will want a real estate agent to help you navigate the process. If you are nervous about the house buying process, it is advisable to hire a professional and familiarize yourself with the role each agents plays, and the advantage of having one in your corner.

Their titles can be used interchangeably depending on the stage of transaction and their duties are the same. Realtors have the expertise and experience to help sellers protect their investment and help buyers build theirs.

WHO IS A LISTING AGENT?

This is an agent that works majorly with clients who want to sell their property. Working with a listing agent gives you access to the knowledge of the local housing market. They have the most current and detailed information on the sales of comparable properties in a neighbourhood, which allows them to price your home competitively. Not only do they show the property but they help evaluate potential buyers to ensure their clients receive only service offers.

When an offer is received the listing agent walks the seller through the negotiations, helping handle any paperwork and ultimately closing on sale.

WHO IS A SELLING AGENT?

This agent often works with buyers and can also be called buyer’s agent. They represent the buyer in a home sale and serve as an adviser and advocate during the entire purchase process. They put together competitive offers, handle complex negotiations, provide insight during inspections, attend closings to ensure their buyers are protected. Their role comes with a lot of responsiblity, they uncover their client’s wants, needs and work hard to find a property that includes as many “must haves’’ as possible.

Prior to a contract being signed, the agent representing the buyer is often called the buyer’s agent. After the two parties agree to terms and the property is under contract, the buyer’s agent is then referred to as a selling agent.

If you interested in working with a listing or seliing agent, interview multipe agents ask references from their former clients. Taking the time to find the right agent could help you realize your home’s best value or get you into the home of your dream.