Demystifying types of US real estate agents

Most of the time when a home is sold in the US, two real estate agents are involved. The buyer’s agent is responsible for helping the homebuyer receive the best possible deal. The seller’s agent is responsible for helping the seller. The compensation for both types of agent is typically determined by the home’s sale price.

In some locations, you can also choose to work with a dual agent. Keep in mind, though, that a dual agent is not working exclusively in your interest as a homebuyer. They are acting on behalf of the seller as well.

Buyer's agent

The buyer’s agent represents the buyer’s interests. They negotiate a price, search listing services for homes, and accompany the buyer to showings.

Seller's agent

Also known as the listing agent, the seller’s agent represents the seller’s interests. They set a price, list the home on listing services, and arrange showings.

Dual agent

A dual agent represents both the buyer and the seller. In many US states including New York, this arrangement requires both the buyer’s and seller’s written consent.