Quote:
Originally Posted by Billyworld
I am personally in the middle of a purchase (FSBO). I find this is a better way to do business. I was surprised when my Villages sales rep gave me a No Brokerage notice to sign and advised me her loyalty was with the seller and the listing agent and not with me.
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If you are buying a FSBO (for sale by owner), usually no agents would be involved. The negotiations would be between you and the owner. Not sure why a Village Rep would need to give you any notices.
Most real estate agents do work for the seller of the property who pays their commission amounts. Both VLS and MLS agents. In some areas, a purchaser can "hire" an agent to work for the them, if the purchaser pays pay the commission of the selling agent. Most people decide to stay with the traditional arrangement of the sales agent being paid their commission by the seller. In that case the selling agent "your agent", still owes you honesty and full disclosure.
As far as negotiation, don't tell the selling agent your "bottom line", just quietly negotiate the best deal you can. In real life the selling and listing agents do work for the seller, however you will probably find that you've "bonded" with the selling agent, and they will gently offer positive guidance to you.