Seller Representation in Arkansas
Vision Realty in Mena, Arkansas,
What Does It Mean to Represent a Seller?
An Arkansas real estate agent who enters into an agreement to sell property for an owner is known as the "Listing Agent" or "Agent for the Seller." A Listing or Seller's Agent represents the Sellers in the transaction. That means that the Listing or Seller's Agent may assist the Buyer who is not represented in purchasing the property, but the Listing or Seller's Agent's primary duty is to protect and promote the interests of the Seller.
As a Buyer not represented by an Arkansas Real Estate Agent you should keep any information that may place you at a disadvantage in negotiations confidential and undisclosed to the Seller or the Seller's Agent since the Seller's Agent has a duty to pass that information on to the Seller.
Confidential information may include:
▪the Buyer's real estate needs and motivations,
▪the highest price the Buyer is willing to offer,
▪negotiating strategies or tactics,
▪or financial situation.
Click one of the links below to find out about various types of representation!
|Typically Represent Sellers ►►|
|Can Also Represent Buyers ►►|
|Can Represent Both Buyers and Sellers ►►|
Regulation 10.10(b) of the
Arkansas Real Estate License Act
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