For many years the uptake of buyer’s agents in Western Australia trailed behind the eastern states, but today many WA homebuyers and investors wouldn’t think of buying a property without a buyer’s agent at their side.
With buyer’s agents becoming more prominent in Perth real estate, it can sometimes be confusing to know how the buyer’s agent’s role differs to that of a traditional real estate agent.
So, exactly is the difference between a seller and buyer’s agent?
Who works for whom?
Firstly, selling agents have their names on the signboard and are hired by a homeowner to navigate the sales process, including achieve a sale on the best terms possible. They must always act in the seller’s best interests, though they need to be fair to buyers too. (more…)