Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

26
Posts
5
Votes
Sam Garner
  • Real Estate Agent
  • Dallas, TX
5
Votes |
26
Posts

Question about practice contract

Sam Garner
  • Real Estate Agent
  • Dallas, TX
Posted

Hey guys, thanks for your time. I'm doing some practice scenarios before I take my Real Estate license test, and there's one thing I still am having a slight issue wrapping my head around, which is representation. Here's the scenario. (This is Texas, btw.)

Tim lists property for a couple, then agrees to act as the selling agent for them. 

Sam, a buyers agent, brings a couple he's been working with to the table and they put down an offer on the property. 

On the form, I'm a little confused because Tim listed property, so is he not the listing agent? But he's also acting as selling agent, so isn't he the selling agent? But the material I've read says that if you fill out the listing and selling, that's all you should fill out, but what about the buyers agent? I'm obviously completely missing something, and idk if there's more I need to add to this to make it understandable for one of you, but I'm quite confused on this one thing. 

Thanks guys

Most Popular Reply

User Stats

41
Posts
18
Votes
Kasey Villareal
  • Real Estate Agent
  • McAllen, TX
18
Votes |
41
Posts
Kasey Villareal
  • Real Estate Agent
  • McAllen, TX
Replied

If so, I've always found it a little confusing too but it's just done that way when I complete a contract. Here's an explanation I found: 

In the real estate agent community, the buyer's agent is often referred to as the "selling agent." This is pretty confusing to most of us, since you'd think that selling agent refers to the agent that helps sellers sell their the home. The term was coined back in the 1970's when it became common to have different agents representing the buyers and the sellers. Before, only one agent represented both parties, also known as dual agency. The term selling agent is still used to track a real estate transaction's progress in the Multiple Listing Service (MLS,) so you may find that real estate agents still refer to the agent helping buyers purchase a home as the selling agent.

 https://www.redfin.com/definition/buyers-agent

Loading replies...