Quote:
Originally Posted by John Mercier
The realtor whether the listing agent or buying agent are paid by the current property owner.
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This is not always true. Buyers agents can be paid in part or in while by the buyer as well, it all depends on the structure of the deal. Been there, seen that, took the course on it.
Pertaining to fiduciary duties, each agent has a responsibility to their principal (client). The listing agent has a fiduciary responsibility to the seller, and the buyers agent has a fiduciary responsibility to the buyer. Disclosed dual agency throws a curveball to this, and is not a favorable position for an agent to be in. Many won't do it.
Also, keep in mind the word Realtor is a designation of membership to NAR (National Association of Realtors). One can be an "agent" but not a "realtor".
These links gives a great breakdown of fiduciary responsibilities and how they work in real life.
https://www.nar.realtor/sites/defaul...uty-032213.pdf
https://www.carealtytraining.com/blo...l-estate-agent