Buyers’ agent, sellers’ agent. In every Costa Mesa real estate transaction, the differences are easy to understand, right? Not quite. A potential linguistic trapdoor can lie right around the corner.
For openers, that sellers' agent may also be called the ‘listing agent’ – both mean the same thing. The ‘trapdoor’ is a further complication that comes into play once a contract is in place -- after which the buyer’s agent may also properly be called the ‘selling’ agent!
The potential confusion between seller’s agent and selling agent doesn’t usually have much practical significance: after all, by then, everyone should know the cast of characters and who represents whom. But it can come into play if buyer or seller are not actually present here in Costa Mesa to keep the names and duties sorted out -- but that’s rarely the case.
What is significant is how the duties of each designated Costa Mesa agent differ in their obligation to you the seller (or you the buyer). Briefly, the buyers' agent helps prospective buyers find properties for sale, and the listing agent helps their home owning clients sell Costa Mesahomes at the most favorable price as quickly as possible.
Both agents have a fiduciary duty to represent their clients’ best interests, which can differ markedly. Nonetheless, in transaction broker states, it is also possible for an individual agent to represent both sides, which carries a special designation known as ‘dual agency.’
Personally, I have found that being a listing agent in Costa Mesa brings me many calls from future buyers who later become clients -- at which point I turn into a buyer’s agent, and after a contract is opened, the “selling agent”! Should you ever become confused (and now you can see how!), just ask your own agent to go over the differences for you. When you pick an agent whose knowledge and integrity are beyond question, he or she will be able to quickly clarify the representation.
Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,”the most trusted name in Costa Mesa Real Estate”. Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CA for the latest news and information on the Costa Mesa real estate market. Lic #00573423
1503 South Coast Drive
Costa Mesa, CA 92626
DRE Lic. 00573423
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