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.
A salesperson who works for an agent.