Are you looking to sell a property quickly and easily? You must consider all options, including placing it on the market yourself.
However, you can also get assistance through a listing or maybe you can decide to get a real estate agent. With so many options, it is essential to understand the difference between a listing vs selling agent.
With this, you can make an educated decision about how you choose to sell your property. So what are the key differences between an agent and a listing?
See below for an in-depth guide on the differences between these two.
What is a Property Listing?
A property listing is a contract between a seller and a real estate broker that gives the broker the right to market and sell the property. The listing gives the broker permission to use the property listing on their website and in other marketing materials.
The listing also provides the broker with information about the property, such as the asking price, square footage, number of bedrooms and bathrooms, and any special features or amenities.
What is a Property Agent?
A property agent is an individual who has been authorized by a property owner to act on their behalf concerning a sale, leasing, or management of the property. The agent will often have a real estate license, which allows them to perform certain tasks such as advertising the property, negotiating contracts, and collecting rent. In return for their services, the agent will usually receive a commission from the proceeds of the sale or lease.
Key Differences Between Listing vs Selling Agent
A listing agent is a professional that works with a homeowner to list their home for sale, while a selling agent is a professional that works with a potential buyer to help find or purchase a home. The key difference between the two is that selling agents typically work for a real estate broker while listing agents typically work for the homeowner.
Listing agents are typically paid a commission by the homeowner while selling agents are typically paid a commission by the real estate broker.
Listing Agent’s Role
The role of a listing agent is to help the homeowner through the listing process. This includes marketing the home, negotiating with potential buyers, and helping to set the sale price. The listing agent works with the homeowner to list their home for sale and will typically be paid a commission by the homeowner.
So if you are selling your home, then you’ll be dealing with a listing agent. To learn further, check out some more information here.
Selling Agent’s Role
The role of a selling agent is to help potential buyers find and purchase a home. This includes showing homes, negotiating with sellers, and assisting with financing. The selling agent works for a real estate broker and is typically paid a commission by the broker. This is one of the ways how realtors get paid by the real estate broker.
Know Who to Work With Between a Listing vs Selling Agent
It’s important to know the difference between a listing vs selling agent so you can determine who is the best fit to help you with your real estate needs. If you’re looking to list your home, you’ll want to work with a listing agent. If you’re looking to buy a home, you’ll want to work with a selling agent.
Both listing agents and selling agents must be licensed by the state in which they work.
For more helpful reads aside from this listing agent guide, feel free to visit our blog page.