Quote:
Originally Posted by Randall55
Again, a buyer's agent will only cause confusion and slow the process.
People use a buyers agent because they ARE FREE. The seller pays their commission. Once a buyer is asked to pay an enormous fee for their service, I believe most will be unwilling. They will simply work with the listing agent and bank with no additional cost to them.
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You are way off. I can't tell you how many buyer's would screw up and lose their deposit because they didn't have guidance. Sure there are some smart people that could navigate it on their own. But you would be surprised how many don't pay attention to the contracts. Buyer's agents make the process much smoother.
You figure the seller pays the buyer's agent? Nope, not at all. After all who is the person putting out the money? It's the buyer, every time. The buyer pays their agent indirectly. They pay for the home, the seller takes some of their money to pay their agent and their agent pays the buyer agent. Any cash ultimately came from the buyer. Of course, how that changes after the lawsuit is still anyone's guess.
Also remember, NAR made a settlement. Some brokers had different settlements and some had no settlement. Real Estate Agents don't need to be a member of NAR.