2006-11-03 05:43:54 · 5 answers · asked by chuckynjwvu 2 in Business & Finance ➔ Renting & Real Estate
It's really up to you but if you work the the list agent they will be seller's agents, meaning their primary focus is working for the seller. I wouldn't worry so much about who's listing it is, just find a real estate agent you feel comfortable with because you most likely going to look at multiple houses, all with different list agents. Don't call a different agent for each house because no one will want to waste their time working for you.
2006-11-03 06:20:38 · answer #1 · answered by strtat2 5 · 0⤊ 0⤋
The listing agent is bound by law to represent the seller, however if you agree to Dual Agency (they represent both of you) then you can ask that the listing agent take a lessor commission (since they aren't sharing it with another agent) and either credit you 3% toward your closing costs or reduce the sale price by a substantial amount. In this instance, I recommend using your own mortgage broker or bank, rather someone this dual agent has introduced you to. If you are in an attorney closing state, chose your own attorney. Although most Realtors are honest, you need at least one independent source of information to look over your contract and sales price.
2006-11-03 14:51:10 · answer #2 · answered by bathagent 2 · 0⤊ 0⤋
I don't think it matters much if you trust your realtor and have good legal advice.
On one hand, the listing agency isn't exclusively on your side, but if you have a good attorney, that won't matter much.
On the other hand, if the entire commission is at stake, not a fractional amount, so if you run into an unforeseen issue that costs money that no one expected, the broker may just put some of the commission on the table just to keep the deal alilve.
2006-11-03 14:21:32 · answer #3 · answered by open4one 7 · 0⤊ 0⤋
it really doesn't matter as all commission comes from the seller. If you go with the listing agent...they may push harder for the asking price as they are working for the seller. This is a fairly new concept but that's the way it is. Bottom line on buying is what you are willing to pay. It's a rocky road...they list it for a price...you make an offer...owner makes a counter offer and so on. Just make sure you are getting what you want and you'll be ok.
2006-11-03 14:29:03 · answer #4 · answered by Kenneth S 5 · 0⤊ 0⤋
if you want someone to really represent you, then head for the office next door..
2006-11-03 14:45:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋