Who Agents Work For?

In the past, real estate agents always represented the seller. If a prospective buyer had their own real estate agent, that agent would be considered a subagent of the listing agent.

In other words, the buyers real estate agent's main fiduciary responsibility was to the seller, even though he brought the buyer to the transaction. There was much confusion on who represented who, and the real estate industry felt an immediate change was needed to clarify real estate agency.

Times Have Changed

Today, real estate agents either represent the buyer, the seller, or both. If you want to sell your home, you can work with a "seller's agent." If you want to buy a home, you can work with a "buyer's agent."

Most states require real estate agents to disclose to consumers who they represent. Sometimes an agent will represent the buyer and the seller. A buyer who elects this situation should receive full disclosure on representation.

In some states, dual agency affects the real estate professional's fiduciary responsibilities to the seller. The real estate agent you choose should fully disclose how they work with individuals and the options available to you.

Keep in mind that real estate laws differ from state to state and even from locale to locale. For more in-depth answers, talk with a knowledgeable real estate professional and ask about local practices. Be sure you understand and are comfortable with the services of the real estate agent you eventually engage with.

Looking to list your home with an agent?

Please feel free to browse through this site to explore Silicon Valley's finest developments.  This comprehensive tool offers direct access to the latest properties for sale in the Greater Silicon valley. Featuring extensive community information, consumer links, rentals, school information, free reports, answers to commonly asked real estate questions, and more, you will find everything about real estate within one easy source.

Contacting the Boyenga Team is the best way to learn more about the real estate market. Feel free to call us at 408.373.1660, or send us an email by clicking here.

Contact The Boyenga Team Today!

Please provide a valid email address.

© 2019 MLSListings Inc. All rights reserved. Based on information from MLSListings MLS as of April 18th, 2019 at 2:10pm PDT.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.