When working on a purchase transaction, I generally prefer to have a buyer's agent separate from the seller's agent. I feel like I am in better position with the buyer if there is an agent that is just representing that buyer.
How important do most real estate agents think that a dedicated buyer's agent is?
Generally, do you think that the buyers best interests are more often than not met if the buyer uses the seller's agent?
Thanks,
Richard
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Richard Smith Conventional, FHA, FHA 203k, HUD $100 down purchases, VA, Jumbo VA, Rural Development, Jumbo, FannieMae Homepath, Home Equity Line of Credit (HELOC). |
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Richard, I work primarily as a buyers agent. In general, I think it is imperative that a buyer has someone in their corner to look out for their best interests.
Richard, I don't think that a buyer is getting the FULL representation that they are due if they use the seller's agent.
All the best,
Having a Designated Buyers Agent is always better to the buyer.
I agree I think both parties need someone to represent them and to talk to without having to be careful of what they say, so that the information, doesn't get back to the other party.
My daughter and I work as a team, whenever we get a buyer on our listings (co-listed), we ask the buyer to decide which of us they would like to work with and the other remains with the seller. At this point we do NOT discuss anything about our clients with each other, nor do we disclose to the buyer what the seller had told us during the listing (total confidentiality). TRUST IS VERY IMPORTANT
Have A Great Day
Doris,
Does dual agency technically apply also to agents working under the same brokerage? It seems to me that it is important as a buyer to have designated representation.
What about as the real estate agent is it better, in the long run, to represent only one side? I realize it is a larger commission percentage if you represent both sides. But is there less liability, more objectivity?
Are there any states that discourage dual agency?
Any comments from agents who typically represent both sides, to give the positives for dual agency?
Thanks,
Richard
Yvette,
I am still waiting on the cardinal post.
And I do not think that I personally would like to use the same agent as the seller, but for borrowers and for some properties and situations it seems to me imperative to have a designated buyer agent.
Richard
Kris,
Does it help you to specialize in being a buyer's agent? Does that reputation get out to the public? Can that specialty be marketed easier?
Richard
Roland,
I can see the benefit to the buyer in many cases. Is it ever an easier transaction with only one realtor involved? Is it better for the real estate agent also to represent only one side?
Richard