Understanding the Difference: Listing Courtesy of vs Sold By in Real Estate

In the world of real estate, there are many terms and phrases that can be confusing to those who are not familiar with the industry. Two such terms are “listing courtesy of” and “sold by”. These phrases are often seen in real estate listings, but what do they mean? And what is the difference between them? This article will delve into these terms to provide a clear understanding of their meanings and implications in the real estate market.

Understanding “Listing Courtesy of”

The term “listing courtesy of” is used to acknowledge the real estate brokerage firm that has listed the property for sale. This is the company that has been contracted by the property owner to market the property and find a buyer. The name that follows “listing courtesy of” is typically the name of the brokerage firm, not the individual agent. This is because the listing agreement is technically between the property owner and the brokerage firm, not the individual agent.

Understanding “Sold By”

On the other hand, “sold by” refers to the real estate agent or brokerage that represented the buyer in the transaction. This could be the same agent or firm as the listing agent, or it could be a different one. If the buyer was represented by a different agent or firm, this is known as a “co-broke” situation. In a co-broke situation, the commission from the sale is typically split between the listing agent and the buyer’s agent.

The Difference Between “Listing Courtesy of” and “Sold By”

The main difference between “listing courtesy of” and “sold by” lies in who they are referring to. “Listing courtesy of” refers to the agent or firm that listed the property for sale, while “sold by” refers to the agent or firm that represented the buyer. Another key difference is that “listing courtesy of” is used before the property is sold, while “sold by” is used after the property has been sold.

Why is this Important?

Understanding these terms is important for both buyers and sellers. For sellers, knowing who is responsible for listing their property can help them understand who they should be communicating with. For buyers, knowing who sold the property can give them an idea of who they might be dealing with in the transaction. Additionally, understanding these terms can help both buyers and sellers understand how the commission from the sale of the property is likely to be split.

In conclusion, while “listing courtesy of” and “sold by” may seem like small details in a real estate listing, they can provide valuable information about the transaction. By understanding these terms, you can be better prepared to navigate the real estate market.