Quote:
Originally Posted by Mrs. Robinson
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.
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There's a reason we now have full disclosure laws for the real estate industry. I have dealt with numerous RE agents over my life and can recall many instances of less than full honest transactions. Sorry, but your industry is no more honest than the auto dealerships or the financial industry. Just a few examples; "buy now before the build out is complete", selling seven year old rental homes as "new" homes, daily advertisements for new homes with prices NOT including the several thousand dollars bond.