Who represents you? Did you know that if a buyer deals directly with the listing agent, the buyer is not represented? At best, the listing agent becomes an intermediary, just handling paper and not giving advice or opinions to either side. At worst, the listing agent represents only the seller and the buyer thinks he is being represented. Most listing agreements show a commission rate that gets split with the buyer's agent. The listing agent is not obligated to reduce a commission merely because the buyer is unrepresented. In fact, most agents take the commission for both sides. Why?  Dealing with an unrepresented buyer takes more time; the listing agent has to show the property to them, unlock for inspections, make certain time lines are met and contracts are handled properly. And, more importantly, the liability for the transaction more than doubles. Who do you want representing you?

BUYERS PROMISE:

Buyer's agents are sometimes offered a bonus to the commission. All commissions paid to the broker in excess of 3% will be applied to the purchase price or rebated directly to the buyer at closing. Some builders will not allow the price to be lowered.

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