Comments on: Understanding a Buyer’s Agent Role http://www.livingtwincities.com/2009/04/understanding-a-buyers-agent-role/ Real Estate Trends, Tips and Info. Plug In. Wed, 21 Jul 2010 01:37:04 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: First Time Home Buyer Mistakes | Living Twin Cities http://www.livingtwincities.com/2009/04/understanding-a-buyers-agent-role/comment-page-1/#comment-3753 First Time Home Buyer Mistakes | Living Twin Cities Sun, 31 May 2009 17:29:53 +0000 http://www.livingtwincities.com/?p=301#comment-3753 [...] a buyer’s agent, their services are “free” depending on how you look at it and fiduciary duties only to the buyer. Don’t just run to the listing agent, they have an established relationship with the seller [...] [...] a buyer’s agent, their services are “free” depending on how you look at it and fiduciary duties only to the buyer. Don’t just run to the listing agent, they have an established relationship with the seller [...]

]]> By: Ed Kohler http://www.livingtwincities.com/2009/04/understanding-a-buyers-agent-role/comment-page-1/#comment-2069 Ed Kohler Sun, 19 Apr 2009 16:39:14 +0000 http://www.livingtwincities.com/?p=301#comment-2069 I've wondered about this before. If a buyer approaches the listing agent directly, it seems like they may be able to negotiate down a share of the double commission, so perhaps saving 1-3% by not contracting with a buyer's agent. That's definitely not the right choice for many buyers, but it seems like a sophisticated buyer who knows what what they want and what it's worth could save under this scenario. The commission difference for an agent based on negotiations are nothing compared to what they make by simply getting the home closed, so I'm not entirely convinced that seller side agents have their client's best interests at all times. Although just getting it sold is often their client's interest. I’ve wondered about this before. If a buyer approaches the listing agent directly, it seems like they may be able to negotiate down a share of the double commission, so perhaps saving 1-3% by not contracting with a buyer’s agent. That’s definitely not the right choice for many buyers, but it seems like a sophisticated buyer who knows what what they want and what it’s worth could save under this scenario.

The commission difference for an agent based on negotiations are nothing compared to what they make by simply getting the home closed, so I’m not entirely convinced that seller side agents have their client’s best interests at all times. Although just getting it sold is often their client’s interest.

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