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Old 10-31-2023, 05:28 PM
frayedends frayedends is offline
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Quote:
Originally Posted by margaretmattson View Post
And, this is how a lawsuit was won. A realtor cannot be a buyer's agent. The job of a realtor is to represent the seller at all times. A potential buyer does not need to contract with a realtor.
That isn't correct. It was won because basically a buyer's agent would tell the buyer, "You don't pay me anything." That is technically true, but the buyer's agent is being paid from the total commission in the MLS listing. It's really just semantics but can be seen as the buyer's agent misrepresenting that the buyer is paying their commission because it's basically part of the sale price of the home.

As I mentioned, this is why it will likely change on how the buyer's agent gets paid. But you are flat out wrong that an agent can't represent a buyer. A good buyer agent will steer a buyer away from bad deals.