> What does on behalf of the seller/buyer mean?

What does on behalf of the seller/buyer mean?

Posted at: 2015-03-04 
This simply man that someone is acting on behalf of the seller or buyer. Normally the person acting on behalf of the seller or buyer is a real estate agent. Others could and do act on behalf of the seller and buyer.These individuals would be your loan officer, title an escrow agents.

Also the term could be used as someone if paying the cost on behalf of the buyer or seller, such as the seller is paying the closing cost on behalf of the buyer.

Basically someone is taking action for the buyer or seller. Of course the seller and buyer would know about this action or they would be told about the action taken on their behalf.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

"on behalf of" means they are acting in the place of a person.

For example:

The buyer's agent submitted an offer on behalf of the buyers.

The seller's agent accepted the offer on behalf of the sellers.

Only the real estate agent can act as on the behalf of seller/buyer both.

The behalf of buyer and seller means one person have to buying the land or properties lower rate in one place and it will be sale to another place in higher rate. So that person is buyer and also he is seller.

It means what it says. Usually in a house purchase transaction it means the solicitor has said this on behalf of their client.