How do a listing agreement and a buyer's agency agreement differ?

A listing agreement and a buyer's agency agreement serve distinct roles in real estate transactions, reflecting their different purposes and focus. The correct response highlights that a listing agreement specifically involves a seller who is looking to sell a property, while a buyer's agency agreement involves a buyer who is seeking to purchase a property.

This difference in focus leads to varying responsibilities and obligations for real estate professionals involved. In a listing agreement, the agent acts on behalf of the seller, aiming to market the property and secure a buyer, while in a buyer's agency agreement, the agent represents the buyer's interests, assisting them in finding suitable properties and negotiating terms of purchase.

Understanding this distinction is crucial for real estate professionals, as it shapes their approach and strategies in facilitating property transactions.