Quote:
Originally Posted by margaretmattson
You are being paid a possible commission to sell a home FROM THE SELLER. Therefore, A realtor always represents the seller. He or she is the one paying you to sell the home.
Example: you go to a car dealership. A sales rep helps you but you decide to look around. Does he try to convince you that you are now obligated to buy only from him? Does he try to control you through manipulation? No!
A realtor is nothing more than a representative who sells homes. That fact that you believe this is not the case, is unethical.
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I think you missed a big part of my posts or you just don't understand how this works. And again, maybe different in Massachusetts. The commission paid to the buyer agent is disclosed by the Listing agent in MLS. They have what they call a cooperative agreement. This is common practice here. We are talking about 2 different agents, just to be clear. The seller agent knows they are paying the buyer's agent commission. Of course, this is done to get buyers to view the home.
Let me give you an example of how it works in Massachusetts...
A buyer calls an agent and says I'd like to see 64 Tucson trail. The agent says, okay that is not my listing. I would be acting as your agent and representing you. I can set up a showing for tomorrow at 3 PM. They go to the house, the buyer agent opens it with a lock box code. The seller agent may or may not accompany. The buyer agent signs an agency disclosure with the buyer (or a contract if they want). The buyer agent advises the buyer on making an offer, etc and helps throughout the transaction. The MLS Listing shows a Co-Broker Commission. It literally says "Buyers Agent X%". Generally they all know the co-broke commission already for an area. It's fairly standard but not required to be.
Edit to add, your car sales had me confused. But you definitely misunderstand. In your scenario there is no buyers agent.
Let's say I'm a buyers agent for cars (pretend with me for a moment that this exists). I have a deal with all the car dealers in the area that they will pay me half the commission if my buyer purchases a car. So I take my buyer to Mercedes. We talk to the sale agent at Mercedes but leave and go to BMW. We talk to them but decide to go to Village Golf Cars and buy a new Yamaha Quiet Tech Drive 2, EFI with LED lights, hard valance, and blue tooth speakers. My buyer buys the car. The Yamaha sales agent bet $500 and they pay me $250 for bringing in the buyer. It's kind of like a finders fee.