By Ron victor
A buyer is a person who engages in the activity of buying or acquiring a house or a property for a consideration. The house buyer searches a house till he/she get a satisfaction in that particular. The responsibility of the buyer is to obtain a good quality house as per is desire. The buyer is required to search the house either on his own or with the help of the agent. The house buyer has too many choices to find a house.
Seller
A seller is a person who will to sell the house to another person named buyer. The seller will engage in the activity of sale of house property to a third party. Seller usually sells his house for a consideration. The seller can sell his house either by listing in the house market or with the help of an agent. The seller has to searches or a targeted buyer. The price offered by the seller should be based on the value of the property. Too much of price on the house makes the buyer to reject the house property.
Sellers Agent
A seller agent is a person who acts on behalf of the seller for sale of any property. The seller agent will act as per the listing agreement between the seller and the agent. This seller agent will act only on behalf of the seller. The Seller's agent or a subagent of that agent has some obligations to perform. The agent has some fiduciary duty which he has to handle carefully and he should have to present himself as truthful as possible while dealing with the seller. The seller has the obligation to pay the commission the agent. The Seller's agents and their subagents will disclose to the seller the known information regarding the buyer which guides the seller to complete the transaction. Since commission for a house is always paid for by the seller, buyers are able to get assistance and information from Agents, at no cost.
Buyers Agent
A Buyer agent is a person who acts on behalf of the buyer for purchase of any property. The buyer agent will find a property which is listed in the market for sale. The obligation of the broker is to help the buyers which are listed in the market. The agent acting only for a Buyer has some obligations to perform. The agent will provide information regarding the property in the market and also guide you in every aspect. They will recommend on behalf of the buyer about the terms & prices offered for sale. The buyer has no need to pay the brokerage fee for the agent. An agent will help the buyer while negotiating the transaction and get you to come to final process. The Buyer's agents and their subagents will disclose to the buyer the known information regarding the seller which may be useful to the buyer. Since commission for a house is always paid for by the seller, buyers are able to get assistance and information from Agents, at no cost.
Agent Representing both Sellers & Buyers
An agent is defined as a person who has given authority by the principal to deal with third parties, so that the principal will be legally responsible for the agent act. Buyer agent and the seller agent is a person who forms a legal relationship has principal-agent-obligee relationship. The agent finds a relationship with the buyer and the seller. An agent is a person who acts on behalf of the buyer and the seller. Most people will understand the term the agent. Both the agent and broker are one and same.
An agent will act directly or indirectly to the buyer and seller legally with an agency license. The agent will act only on direction of both buyer and seller. The agent should act with the fiduciary duty while dealing with the seller and buyer. As an agent, without the permission of the respective person an agent cannot able to disclose any information either to buyer or to the seller. The agent should be careful while listing has been takes place. The agent should have to act lawfully with regards to the terms and condition of the home sale.
Duties of Seller's Agent
• The agent while dealing with the seller owes some responsibilities.
• The agent ensures that he/she will promote the interest of the seller.
• He ensures that he will disclose the information regarding the buyer.
• The offers should be presented to the seller with respect to the price consideration.
Duties of Buyer's Agent
• He Promote the interest of the buyers.
• He discloses the information regarding the seller to the buyer.
• He also discloses to the buyer all information regarding the willingness of the seller to complete the sale or to accept a lower price.
Source: http://www.Free-Articles-Zone.com
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