What distinguishes a "buyer’s agent" from a "seller’s agent"?

The distinction between a "buyer's agent" and a "seller's agent" primarily revolves around the representation of interests in a real estate transaction. A buyer's agent specifically advocates for the buyer and works to secure the best terms and conditions for them in the purchase of a property. This includes identifying properties that meet the buyer's needs, advising on market conditions, and negotiating purchase terms.

Conversely, a seller's agent represents the seller's interests in the transaction. Their role focuses on marketing the property, setting a competitive price, and negotiating with prospective buyers to achieve the best selling price and terms for the seller.

This clear division of responsibilities and loyalties establishes the contrasting roles of these agents in a real estate transaction. Buyers depend on their agent for protection and guidance through the purchasing process, while sellers rely on their agent to maximize the sale value of their property. This foundational principle of agency in real estate contracts denotes a clear alignment of interests that is crucial for effective representation.