What is the difference between a buyer's agent and a seller's agent?

A buyer's agent and a seller's agent serve distinct roles in the real estate transaction process, each representing the interests of different parties. A buyer's agent exclusively represents the potential homebuyer. This professional's primary duty is to assist the buyer in locating suitable properties, negotiating offers, and navigating the intricacies of the buying process. Their goal is to ensure that the buyer secures the best possible deal while also advocating for their preferences and specific needs. On the other hand, a seller's agent works on behalf of the property owner looking to sell their home. The seller's agent is responsible for marketing the property, setting an appropriate listing price, and managing negotiations with potential buyers. Their objective is to maximize the sale price and minimize the time that the home remains on the market. Both agents provide valuable services tailored to their respective clients, but their focus and responsibilities differ significantly. It is advisable for buyers and sellers to understand these roles when entering the real estate market, as this knowledge can enhance their overall experience and outcomes. For additional details on this topic, exploring the relevant sections on the Partners Trust website could be beneficial.