Buyer's Guide

A buyer's agent operates exclusively on behalf of the buyer as the buyer’s fiduciary, striving to advance their interests with unwavering good faith, loyalty, and fidelity. This agent actively negotiates and acts as a strong advocate for the buyer. To establish this relationship, a separate written buyer agency agreement called the Exclusive Right to Buy Listing Contract (ERB) is necessary, delineating the duties and obligations of both the broker and the buyer.

Acting as a facilitator, a transaction broker assists the buyer the seller, or both, in a real estate transaction as a neutral representative helping the parties come to terms with one another and by facilitating the process. This involves fulfilling the terms of any agreements, providing comprehensive information, presenting offers, and aiding with contracts, including the transaction's closing but does not include representation as a fiduciary or an advocate for the parties. Similar to agency relationships, an ERB is needed to outline the roles and responsibilities of both the buyer's transaction broker and the buyer.

A seller's agent is dedicated to championing the seller's interests as the seller’s listing agent with the utmost good faith, loyalty, and fidelity. This agent skillfully negotiates and advocates on behalf of the seller. To formalize this relationship, a separate written listing agreement is required, outlining the responsibilities of both the broker and the seller.