Real Estate Agents & Brokerages cost guide.

Dual agency occurs when a single agent, or sometimes a single brokerage, represents both the buyer and seller in the same transaction, which is treated differently — and is sometimes restricted — depending on the state.

Full-service brokers charge standard commission for comprehensive support throughout a transaction, while discount brokers offer reduced commission rates in exchange for a more limited scope of services.

National franchise brokerages offer broad brand recognition and referral networks, while independent local brokerages often emphasize deep local market knowledge and more flexible, personalized service.

Some agents operate as part of a team with specialized roles for showings, marketing, and transaction coordination, while solo agents handle every part of the transaction personally.

Some agents practice real estate part-time alongside another job, while others work full-time. Availability, responsiveness, and market immersion can differ meaningfully between the two.

An experienced agent brings a longer track record and negotiation history, while a newer agent may offer more personal attention and enthusiasm, sometimes backed by a mentor or team.

An exclusive buyer's agent advocates solely for the buyer, while a transaction broker (sometimes called a facilitator) helps both parties complete the transaction without representing either side's interests as an advocate.

Buyers and sellers can find an agent through an online referral or matching service that connects them with a pre-screened local agent, or research and select an agent entirely on their own.

Agents who specialize in higher-end properties often bring different marketing resources and buyer networks than general practice agents, which can matter more as price point increases.

Some brokerages operate largely virtually, with agents working remotely and communication happening mostly online, while traditional brokerages maintain local offices and more in-person interaction.