Agents who list houses are probably inclined to sell directly to an individual rather than to another agent's clients. So is it smart or not for a buyer to engage a buyer's real estate agent?
2006-12-16 03:47:24 · 5 answers · asked by michelle 1 in Business & Finance ➔ Renting & Real Estate
You should have several agent looking for you. Why because one one agent can show all what is for sale. There are several MLS and as you stated above there are many agent who list that do not even show or list on a MLS. This has created a false shortage and thus driven up prices IE this is how they made the housing bubble.
http://www.breakingbubble.com/index.htm
Good Luck
2006-12-16 07:05:37 · answer #1 · answered by Anonymous · 1⤊ 1⤋
First of all the question you pose is usually posed because a buyer doesnt want to pay a commission to an agent and also have to dish out all kinds of money on the purchase of the home. This is a misconception. Unless you have very specific needs to have a fiduciary relationship with a real estate licensee through a buyer's agent agreement you can work with another licensee that will assist you in making sure that the purchase is done properly and not necessarily one sided. The agent you choose to assist you, will; in almost all states, be paid by the seller's agent by splitting the commission to be received by the seller's agent.
Think of your necessity to have a different agent help you in the purchase, other than the listing office, as when you go to the doctor and one doctor tells you they have to remove a vital part of your body (in this case your money). Would you not want a second opinion?
Buena Suerte
2006-12-16 12:44:05 · answer #2 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
Is it good....? ABSOLUTELY!!
Agents who........ Under 2 situations, this is true. 1 - Unethical agents who, when a buyer's agent brings in the best offer for their seller trick their seller into accepting a lesser offer where the listing agent has the buyer. If he's going to cheat his seller, to whom he owes a fiduciary duty, what do you think he's doing to the buyer to whom he owes nothing?
2 - Ethical agents who, when a buyer's agent brings in a deal that has safeguards for the buyer explains to his seller how the buyer that he's got (unrepresented) has agreed to sign an offer that has fewer safeguards for the buyer. This contract is very seller friendly, since only the seller is represented.
So is it smart....? ABSOLUTELY!!
2006-12-16 12:06:49 · answer #3 · answered by teran_realtor 7 · 1⤊ 0⤋
Buyers agents look out for you and get paid from the seller.
Interview more than one at a national company that you have heard of.
2006-12-16 14:55:32 · answer #4 · answered by zocko 5 · 1⤊ 0⤋
difficult issue. browse in yahoo and bing. this will help!
2014-11-19 03:36:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋