As the founder and broker of Tverdov Housing, with over a decade specializing in New Brunswick's real estate—particularly multi-family and investment properties near Rutgers University—I've helped countless buyers and sellers understand agency relationships. In New Jersey, including New Brunswick, real estate licensees must disclose their role via the Consumer Information Statement (CIS), outlining fiduciary duties and ensuring transparency—especially with recent changes from the 2024 NAR settlement and New Jersey's Consumer Protection Enhancement Act.
The key difference: A seller’s agent (listing agent) represents the seller exclusively, while a buyer’s agent represents the buyer exclusively. Both owe full fiduciary duties (reasonable care, undivided loyalty, confidentiality, full disclosure, obedience, and accounting) to their client, but act fairly and honestly toward the other party.
- Seller’s Agent: Works solely for the seller, negotiating the highest price and best terms. They market the property (professional photos, MLS listings, targeted ads highlighting Rutgers appeal), advise on pricing based on comps, and handle offers. In New Brunswick, they coordinate local requirements like the Certificate of Continued Occupancy (CCO).
- Buyer’s Agent: Works solely for the buyer, searching for properties, negotiating the lowest price and favorable terms, and guiding through inspections, appraisals, and financing. They provide unbiased advice on value and potential issues in older New Brunswick homes.
Other roles include disclosed dual agency (same firm represents both, with consent and limited fiduciary duties) or the newer designated agency (different agents in the same firm represent each side with full duties). Transaction brokers facilitate without full representation.
Post-2024 changes: Buyers must sign a written Buyer Representation Agreement before touring homes, specifying services and compensation (fully negotiable; sellers may offer concessions). This promotes clarity in our balanced market (median prices ~$440,000).
At Tverdov Housing, whether acting as your buyer's or seller's agent, we prioritize your interests with local expertise.
For Central Jersey insights, check The New Jersey Real Estate Investor podcast.
Buying or selling in New Brunswick? Contact Tverdov Housing—we'll explain your options clearly and represent you effectively.
