A real estate agent who sells a property. The selling agent may be (1) the subagent or listing agent of the seller; (2) a buyer's agent; or (3) a dual agent. Also called a cooperating agent or participating agent.
A real estate licensee who finds the purchaser in a transaction even though the agent did not actually list the property for sale. The majority of residential listings, particularly in metropolitan areas, become part of a multiple listing service (MLS) which establishes a working and legal relationship between the licensee who listed the property and all other members of the MLS. By selling the property, the selling agent is entitled to a certain agreed-to percentage, normally 50 percent, of the real estate commission.