Understanding Representation, as a real estate property buyer or sellers who has not signed a representation or service agreement (a contract between a buyer or seller and a brokerage), you have many options when working with the seller’s REALTORS®, or buyer REALTORS®, or the option of representing yourself.
In a typical real estate transaction where both the buyer and the seller have representation, the seller pays the commission to both the listing brokerage and the buyer’s brokerage. In most instances, there is no additional cost to the buyer.
If you choose to be represented by the same REALTORS® as the seller, both you and the seller will need to provide written consent for that scenario.
Your registered REALTORS® will be able to explain the different representation available to you.
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