The Skinny on Buyer's and Seller's Agents
Posted by Rich Neste on
Until recently, it was a fine line separating a buyer’s agent from a seller’s agent. Typically a traditional buyer's agent (also called a sub-agent of the seller) has more legal obligation to the individual selling than the one buying a property. We have seen a new breed of buyer agent emerge, committed exclusively to the buyer’s best interests. But a new breed of agent has appeared on the market over the past several years, one committed exclusively to the best interests of the buyer.
The New Breed of Buyer’s AgentUsually paid a percentage of commission (but sometimes paid a fee) this new buyer’s agent is contractually bound helping clients find, realize the best price, and negotiate the best possible terms when purchasing real estate. The traditional…
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