In relation to any good real estate team, there are several key members. An assessor, an attorney and sometimes a stager and photographer are all often needed. The listing agent is the most essential player, however, for a homeowner who’s considering selling their house.

In terms of residential real estate, the listing agent represents the homeowner. In some instances, a listing agent can also represent a home buyer as a dual agent. Most traditionally, though, it is the listing agent’s job to market the homeowner’s home. This is done by adding the property to the multiple listing service, also known more colloquially as MLS. The listing agent also represents the homeowner by presenting offers to them and essentially overseeing the entire real estate transaction from the first offer to the home’s closing date.

It is important to note the differences between a listing agent and a buyer’s agent. The buyer’s agent has responsibility for locating properties for a buyer to visit and consider during the purchasing process. This type of agent has loyalties only to the buyer. He or she is also paid by the buyer for services rendered.

A listing agent, on the other hand, is paid by the seller. This usually occurs after the sale of the home, since the listing agent will take a percentage of the money the seller receives after its sale. The actual percentage amount varies from state to state, averaging out around 3.5% of the total purchase price of the home. This amount is agreed upon by the seller and the listing agent in a contract. The contract is set for a specified time period. If the listing agent fails to find a buyer during that period and the seller opts not to renew the contract, the listing agent is owed no commission percentage.

You might discover that hiring a listing agent is a wise choice if you’re inexperienced about real estate transactions and need some guidance. Even if you might be concerned about a dual representation between a buyer and a seller, keep in mind that the listing agent’s main duty is to ensure a quick and effective sale of a seller’s home as their primary responsibility.

View Aurora CO Real Estate and also learn more about quality real estate agents in Aurora. In addition, we also have a website that allows you to search for Santa Monica CA Realtors. These sites will assist with locating real estate.

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