THE QUESTION IS SPECIFIC TO S. CALIFORNIA
What is the role of the following:
Are there one you can do without.
The listing agent:
The Realtor:
Real Estate Agent:
THe Selling Agent:
THe Buyers Agent:
The Mortgage broker:
What is the role of each one….this is sooo confusing
Agent
An authorized person who manages or transacts business for another. Laws governing real estate–especially relating to agents–vary considerably from state to state. While some standardization has been achieved, it is best to check the particulars in each state.
Buyer Agent:
An agent who represents the buyer in a real estate transaction. A buyer agent may be paid by the buyer, seller, or listing agent at closing, provided all parties consent.
Dual Agent:
An agent representing both parties in a transaction. In almost every state, dual agency is illegal and unethical without the written consent of both the buyer and the seller.
Listing Agent:
The agent who represents the seller.
Selling Agent:
The agent who obtains a buyer. A selling agent may represent the buyer, or may be a subagent of the seller.
Broker
An independent business person who sets real estate office policies, hires employees, determines their compensation, and supervises their activities.
REALTOR®
A registered trade name that may only be used by members of the NATIONAL ASSOCIATION OF REALTORS®, an organization with over 700,000 members who represent all branches of the real estate industry. REALTORS® subscribe to a strict Code of Ethics which governs their conduct.