• Your agent collaborates with corporate relocation buyers who need to find a house quickly, and they will help ensure that it’s your house that gets bought. There are also some negatives for the seller when it comes to dual agency, and they are: • You cannot receive comprehensive advice from your agent when they must serve as a dual agent, as impartial facilitation is required. • Your listing agent cannot negotiate the best or highest price for you if they are also negotiating both the best and lowest terms for the buyer. • If the opportunity arises, earning compensation from both the buyer and the seller may tempt the agent to pressure a deal that you might not accept otherwise. • Your agent may restrict all access to your listing for buyers with agents. To avoid surprises or missteps in a dual agency sale, always ensure you have clarified important details with your agent ahead of time. You can do this by using an exclusive buyer agreement or a listing agreement.
HOW REAL ESTATE AGENTS ARE PAID
The compensation structure for real estate agents can vary, especially with recent regulatory changes offering more flexibility and transparency. Agents are required to disclose their compensation arrangements clearly in the buyer agreement. This ensures that you, as a buyer, understand exactly how your agent will be compensated and can make informed decisions.
Possible Compensation Structures
Recent regulations now permit more varied compensation 15
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