What is a Seller’s Agent?
A seller’s or “listing” agent is hired by an owner to list and sell the property. This “agency” or representation is defined and regulated by the New York State Department of State. As REALTORS®, we are trained to understand the legal distinctions between a buyer’s and seller’s agent, and our Code of Ethics strongly enforces proper behavior regarding representation.
Simply put, my job as your seller’s agent is to get you the highest price and best terms. I will work with other agents, who typically act as the buyer’s agents, to obtain purchase offers that meet your terms. I work for you, not the buyer. The buyer is just a customer; you are my client.
Seller’s Agent (as defined by the New York Dept of State):
A seller’s agent acts solely on behalf of the seller, and has, without limitation, the following fiduciary duties to the seller: reasonable care, undivided loyalty, confidentiality, full disclosure, obedience and a duty to account. In dealings with the buyer, a seller’s agent should a) exercise reasonable skill and care in performance of the agent’s duties; b) deal honestly, fairly and in good faith; and c) disclose all facts known to the agent materially affecting the value or desirability of property, except as otherwise provided by law.
Learn more about a buyer’s agent here