Below are some terms and their meaning, you may often hear in the real estate industry.
An authorized person who manages or transacts business for another. Laws governing real estate–especially relating to agents–vary considerably from state to state. While some standardization has been achieved, it is best to check the particulars in each state.
An agent who represents the buyer in a real estate transaction. A buyer agent may be paid by the buyer, seller, or listing agent at closing, provided all parties consent.
An agent representing both parties in a transaction. In almost every state, dual agency is illegal and unethical without the written consent of both the buyer and the seller.
The agent who represents the seller.
The agent who obtains a buyer. A selling agent may represent the buyer, or