Filter Results CategoriesCart
Highlight Updates

1.3.2.5 Real Estate Agent

Real estate is often sold through real estate agents or real estate brokers (not to be confused with mortgage brokers, see § 1.3.2.2, supra). They list the property in newspapers, circulars, and computer databases. The agents usually represent the seller of the property. However, in some circumstances real estate agents may be buyer’s agents or may even undertake representation of both seller and buyer. Real estate agents are typically paid a percentage of the sales price. States commonly require agents to be licensed. Real estate agents frequently recommend mortgage lenders and mortgage brokers to home buyers.