Why you want to work with the listing agent.

[Jacob Cogswell]

Why don’t I just call the listing agent to make an offer on the house? You can call the listing agent and talk to them, but this is not the best move for you. That agent has a fiduciary responsibility to their client that they listed the house for. What this means is that they are required by law to look at for the best financial interest of their client. If they sign a contact with you then they become a “Limited Agent” (in Utah it maybe named different in other states) in the transaction. Then they become hindered in giving the best financial advice to both clients. That agent may know the exact amount that the seller is will to sell the home for, but they can’t tell you without breaching the fiduciary relationship with the seller. Then they can’t fulfill the best financial advice for you as the buyer as well. It does happen that an agent can represent both sides of the transaction, but they have to make this aware to both the seller, and the buyer to make the agreement fair for all parties.

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