When one real estate agent is representing both the seller and the buyer in a transaction, they’re called dual agents. A dual agent fulfills all the above duties of a real estate agent for a given transaction. However, this can sometimes create a conflict of interest. There are two main ways you may want to hire a real estate agent. The first is if you’re looking to buy or sell a property. The second case is if you have a real estate company and are looking to hire an agent to work for you.
If you have a growing brokerage, chances are you will need to hire a real estate agent at some point. Most agents work as independent contractors, earning their income as commission on the sales they’re involved in. As contractors, there are certain restrictions on what you can require of them. However, there are many benefits to hiring contractors as well, such as limiting your liability and having extra flexibility in staffing during busy and slow seasons.
