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Old 02-29-2008, 08:53 AM
 
Location: Nashville, TN
1,177 posts, read 4,158,232 times
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Quote:
Originally Posted by GloriaNow View Post
In Illinois, and perhaps throughout the country. A Realtor or real estate agent can act as a listing agent (helps a homeowner sell a home by marketing it and representing the homeowners best interest) or can act as a buyer agent (helps and represents the person who wants to buy a home and they must not necessary sign a agreement to represent the buyer, but certainly can. The one agreement to actually purchase the home is required to buy, of course.) So while the person that you initial mentioned had an ad that showed their listings and what they have sold, that realtor can still represent someone )or you) who wishes to buy a home. Then to confuse you further, there's something called dual agency and that occurs when the same agent/realtor is representing both the homeseller and the homebuyer of the same home. There must exist a fair and neutral type of confidentiality in these cases. So as long as the realtor is licensed by his state. he/she can buy or sell a home, thus acting as a listing agent or a buyer agent.
Actually, in dual agency the agent doesn't represent either party, and that is the crux of the issue.
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