An experienced, reputable real estate professional may, in many situations, be indispensable. A seller ordinarily hires a broker and agrees to pay a fee to sell his or her property. It is also possible for a buyer to make an arrangement with an agent acting as a "Buyer Broker".
Most buyers assume that the real estate broker they are working with in looking for a home is representing them as "their" agent. However, it is possible that "your" agent may be working for you, the seller of the property you are interested in, both the buyer and seller or no one at all. This is why it is important to establish exactly whom "your" agent is representing. Before an agent or broker provides you with any real estate services, they are required by Washington State law to provide you with a pamphlet entitled The Law of Real Estate Agency, and disclose in writing whom they are representing.
When you buy or sell real estate you may also come in contact with lawyers, bankers or other lenders, title and mortgage officers, inspectors or other authorities. You should understand the function of all of the aforementioned in the transaction. Your real estate broker can explain how each of them fits into the process.