A buyer representative locates a suitable property through an owner broker. The buyer buys the property, the seller pays a commission, and the two agents split the commission. In this instance, the owner broker is acting as

Question

Business

Robert

11 January, 08:42

A buyer representative locates a suitable property through an owner broker. The buyer buys the property, the seller pays a commission, and the two agents split the commission. In this instance, the owner broker is acting as

+3

Answers (1)

Know the Answer?

Keaton Small · Answer 1

Single agent for the owner

Explanation:

In real estate, broker could play two roles:

- As a single agent

- or as a transaction broker

If the broker play as the transaction broker, that broker will mediate that transaction in a way that mutually beneficial for the seller and the buyer.

But, single agent only represent one side of the party. (either the buyer alone or the sellers alone). Single agent will handle the transaction to benefit only the party it represented.

"Owner broker" means that the broker only represents the Seller. This broker will try to make the price of the property as high as possible for the seller's benefit.