Quote:
Originally Posted by Bryan
Real Estate Agents typically represent the seller. You would be wise to get a "Buyers Agent" to represent you as the Buyer. Normally, the Buyers Agent splits the sales commission with the Selling Agent so it actually does not cost you and you have someone dedicated to looking out for your interests. Any licensed Real Estate Agent can be a Buyers Agent but some specialize in that field.
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Sorry, but you are wrong. Real estate agents do not
typically or necessarily represent a buyer or a seller, for that matter.
As a Realtor/agent for over 30 years, I and 99% of the Realtors I have worked with, have worked as a transaction agent. A transaction agent, to save words and make it simple to understand, is simply that we deal fairly and honestly with both parties. There is full disclosure to both parties regarding known details about the property.
I and those I have worked with have never found it necessary to work as a buyer's agent. Your advice that "would be wise to get a buyer's agent" is intimating that an agent who works as a transaction agent is dishonest. Nothing could be farther from the truth!
Commissions are not split between the agents. By law, commissions are paid to the broker and an agent will receive his/her split from the broker.
Realtors are members of their local Board of Realtors as well as the National Association of Realtors and abide to the Code of Ethics as set forth by the National Assn. of Realtors. Villages' agents are not Realtors; they are agents only and consequently, none of the above applies to them.