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Old 04-12-2014, 12:05 PM
 
2 posts, read 7,262 times
Reputation: 10

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Wife and I are getting started selling a home in N Austin.
Do we need a broker, selling agent or listing agent? Or something else entirely?

Also:
Are there any books you pros can suggest that defines basic terms like this for us noobs?
I am reading this currently:
[url]//www.city-data.com/knowledge/Real_estate_broker.html[/url]


Thanks!

Edit: "Is there any books...?" lol.

Last edited by TXInRearView; 04-12-2014 at 12:22 PM..
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Old 04-12-2014, 12:22 PM
 
Location: Austin
7,244 posts, read 21,806,338 times
Reputation: 10015
The listing agent is the agent who lists it for sale. The selling agent is the agent who brings you the buyer. The broker is the person who holds the license active for agents. Brokers can also have their license held by another broker if they don't want to run their own company.

Just because your listing agent lists your home doesn't mean he/she doesn't also work with buyers. Just because a selling agent brings buyers to houses doesn't mean they don't also list houses for sale.

The person you're looking for is a well-rounded Realtor who understands the listing side and the buying side because those ones understand the mind games being played on the other side. If you pick right, you will find an agent who can help you with your sale in addition to help you find a new house.
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Old 04-12-2014, 12:23 PM
 
Location: Long Island
9,933 posts, read 23,150,229 times
Reputation: 5910
The simplest explanation:


a LISTING agent is someone you hire to market your home
a SELLING agent is someone who brings the buyer(s)

A listing agent ALWAYS represents the seller; a selling agent can represent the seller or the buyer or both.
That's for another thread
Or you can DM me and I'll email you the official legal definitions.
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Old 04-12-2014, 12:25 PM
 
Location: Kailua Kona, HI
3,199 posts, read 13,395,399 times
Reputation: 3421
Well, really there is no difference as far as licensing goes. Licensed realtors may be (and most are) listing agents, buyer's agents, etc. Some states have a different or additional license for commercial realty.

All realtors also take continuing education throughout their career. Some classes are mandatory for us such as law reviews, ethics training, forms review but there are many designations that we may obtain and that's where you usually see where that particular agent might focus their time. Some National Assoc. of Realtors designations are Accredited Buyers Agent (ABR), Short sale & foreclosure (SFR), Graduate, Realtor Institute (GRI) REALTOR® Professional Designations & Certifications

You might begin your search for an agent by talking to friends who have sold recently, drive around your area and see whose signs are up on for sale properties, then interview several agents to find a good fit for your situation. Some questions you want to ask are, what are your marketing strategies, how/where do you advertise, are you a member of the local MLS, and remember sometimes the best agents are from small companies where that agent and their broker and/or an assistant personally handle all levels of your transaction.

Who was your agent when you bought the home? Many people go back to previous agents because they did a good job the first time and trust has been built.
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Old 04-12-2014, 12:26 PM
 
Location: Salem, OR
15,575 posts, read 40,425,076 times
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A listing agent is someone that lists homes for sale. The selling agent is an old name for the buyer agent except in areas that still use subagency.
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Old 04-12-2014, 12:55 PM
 
2 posts, read 7,262 times
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So much good information, so quickly. Thank you.
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