Combine Your Listing and Selling Agent to Save

Many states will not permit for the commission of the selling agent and listing agent to be combined in order for a reduction. Every state determines their own laws about realtor commission structures. If you happen to live in a state that does permit the combination of listing and selling agents into one, you may be able to reduce the cost of your real estate transaction by lowering the total commission paid. Consider many different scenarios to determine if this is right for you.

Differences between Real Estate Agents

It is important to first understand that the term "buyer's agent" and "seller's agent" can become confused in discussing potential real estate transactions. In real terminology, a selling agent is one who seeks out homes for a buyer, and a listing agent is one who actually promotes the sale of a home. When you sell your home, you pay a selling agent commission. When you buy, you pay a buying agent commission.

Combining a Listing and Selling Agent

If the listing agent you use brings in a buyer, the listing agent is also acting as the selling agent. Many states have banned selling and listing agents due to the conflict of interest it can present. A selling agent has a fiduciary duty to a seller and a buying agent has a duty to their buyer. Therefore, the agent must disclose their dual position.

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