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Individual who serves as an intermediary in between sellers and buyers of realty for a commission A realty broker, realty representative or real estate agent is an individual who represents sellers or buyers of genuine estate or real property. While a broker might work separately, an agent generally works under a certified broker to represent clients.

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Purchasers and sellers are usually recommended to speak with a certified property specialist for a written meaning of a private state's laws of company, and lots of states require written disclosures to be signed by all parties describing the responsibilities and commitments. Usually, realty brokers/ agents fall into 4 classifications of representation: Seller's agents, frequently called "listing brokers" or "listing representatives", are contracted by owners to assist with marketing residential or commercial property for sale or lease.

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Double agents assist both the buyer and the seller in the exact same deal. To protect their license to practice, a realty broker owes both parties reasonable and truthful dealing and should ask for that both parties (seller and buyer) indication a double agency agreement. Unique laws/rules typically use to dual representatives, especially in negotiating cost.

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Private state laws differ and interpret double firm rather differently, with some no longer allowing it. In some states, Dual Firm can be practiced in situations where the same brokerage (but not representative) represent both the purchaser and the seller. If one representative from the brokerage has a home noted and another agent from that brokerage has a buyer-brokerage arrangement with a purchaser who wants to purchase the listed property, dual company happens by allowing each representative to be designated as an "intra-company" representative.