Quote:
Originally Posted by margaretmattson
Hmmm...Why does a buyer have to use an outside agent? Simply call the listing agent to open the house for you. It's not rocket science!
Then, negotiate a contract with him. Much easier that way since he represents the seller.
I don't have to be cheap and worry about paying an outside agent. A BUYER DOES NOT PAY THE COMMISsION. THE SELLER DOES! I don't sweat about ZERO dollars I owe. How could that bother me in any way?
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A buyer's agent should be making sure you are paying a fair price. A buyer's agent should be making sure you have financing lined up. A buyer's agent should make sure you sign contracts on time and have the requirements met on time (so you don't lose your deposit). A buyer's agent should be searching listings for houses that meet your needs, setting up appointments, helping get the home inspection done. There are lots they should be doing and if yours did nothing (I think you posted something about that), then you didn't get a good agent.
Now, onto the lawsuit and payments etc. It should be noted the lawsuit really is bogus if you think about it this way... The seller agrees a commission payment to their listing agent. If the seller agent chooses to pay a buyer's agent part of that commission (which the seller agrees to when signing the listing contract), it's no one's business how they chose to spend their commission.