Real estate investment is a complicated and confusing financial endeavor, most particularly if you are a first time homebuyer who still has to learn so many things about the industry. Most of the time, they try to avoid the confusing part so they just easily trust whatever the real estate agent tells them during the process. But if you want to be a good investor, you should know when you should trust your broker and when you should not. Take note that every real estate agents have their own personal intentions and motivations, thus, you cannot really give them your hundred percent trust that they will work solely for your own interests. It is best that you know the three kinds of agent for real estate that you may encounter.

Seller’s Agent

The seller’s agent is the most usual kind of real estate agent and you can find them in most of the houses you will check. They are hired by the seller to help them in selling the house. Be careful when giving your trust to a seller’s agent because they usually gives understated information regarding the negative aspects of the house and then overstress the good features of the house so it would be easier for them to sell the house.

Buyer’ Agent

The sellers are not the only ones who can get a professional service of an agent. You, as well, as a buyer can get your agent, who are called buyer’s agent. They can provide you services to assist you in with your investment negotiations. For example, you have plans on getting a Denver real estate so you look at some quality Denver mls. Buyer’s agent can give you a complete list of Denver homes for sale that has all the requirements and conditions you need for the house you want. It can be difficult for you to hire an agent because you have to make interviews to several agents first and evaluate who among them is the most skilled, competent and reliable to work for you. In addition, avoid hiring an agent that works with a long-term contract, most especially if you do not plan to make real estate investment a continuing endeavor.

Dual Agent

From the name itself, this agent works for two real estate parties, both for the buyer and the seller. Dual agents are not allowed to give confidential information coming from a seller to a buyer or the other way around. For instance, a dual agent will not reveal to you the real reason why the seller wants the house to be sold or he would not reveal to you the lowest possible offer you can make that the seller is willing to recognize. It is more difficult to trust this kind of agent because you cannot easily identify where he gives his loyalty, to you, the buyer or to the seller. If you are in this kind of negotiation, always get an agent that you know is loyal to you.

When dealing with agents, you should always consider what his intention is, and where he gives his loyalty. Sure, real estate agents can help you a lot, but only if they are loyal and reliable only to you.