Who Are the Parties in a Showing Agreement

A showing agreement is a legally binding document signed by a seller and a real estate agent that lays out the terms of the agent`s representation of the seller. This agreement outlines the obligations, responsibilities, and expectations of both parties during the home selling process. In this article, we`ll take a look at who the parties involved in a showing agreement are.

Seller

The seller is the individual or entity that owns the property that is being sold. The seller is the party that signs the showing agreement with the real estate agent. In the agreement, the seller provides the agent with the authority to represent them in the sale of their property. The seller is responsible for disclosing any defects or issues with the property, providing access to the property for showings, and signing all necessary documents to complete the sale.

Real Estate Agent

The real estate agent is the individual or entity that is hired by the seller to represent them in the sale of their property. The agent`s responsibilities include marketing the property, scheduling and conducting showings, negotiating offers, and assisting in the closing process. The agent must act in the best interests of the seller and disclose any potential conflicts of interest that may arise during the course of the sale.

Buyer

The buyer is the individual or entity that is interested in purchasing the property. The buyer is not a party to the showing agreement, but they are involved in the home buying process. The agent represents the seller, but they can also work with the buyer to help them find a property that meets their needs and budget. The buyer can make an offer to purchase the property, negotiate with the seller, and participate in the closing process.

Conclusion

A showing agreement is a crucial document that outlines the relationship between the seller and their real estate agent. It`s important to understand the roles and responsibilities of each party involved in the agreement. The seller provides the agent with the authority to represent them in the sale of their property, while the agent acts in the best interests of the seller. The buyer is not a party to the agreement, but they are an important participant in the home buying process. By understanding the parties involved in a showing agreement, you can ensure a smooth and successful home sale.