Four Facts About Real Estate Agents
When buying or selling a property, you may believe some myths about using a real estate agent. You saw their geographic farming postcards and are not sure whether you should use them or not. Here are a few truths about using a real estate agent. Advocacy Using a separate agent than the home seller is beneficial for you as the buyer. The agent for the seller puts the seller’s needs above yours. You also want someone familiar with the market you are buying in especially if this is a new area to you or you are buying your first home. The agent can help you locate a good inspector and negotiate with the seller on your behalf. Payment The majority of real estate agents receive no compensation until the home sells or you buy a property. You may think that the 6% commission goes solely to your agent, but in most cases, the buyer’s and seller’s agents split the commission. If the agent is part of a brokerage, the broker may also get part of the commission to cover costs such as advertising. ...