conflicts of interest.
Buyer’s agents work on commission. The commission is typically paid to them by the listing agent at closing by splitting the commission they negotiated and received from their client, the seller. The buyer rarely pays a commission directly to their agent although there can be exceptions to this.
HOW TO CHOOSE THE BEST AGENT FOR YOUR NEEDS
You might feel the urge to pick the first real estate agent who appeals to or approaches you, but that’s something to avoid. Like with any professional, there are degrees of professionalism, dedication, and experience. The “wow factor” will simply wear off. Meet with prospective buyer’s agents in their office. A good buyer’s agent will want to know whether you have taken the important step of getting “pre-approved” (not just “pre- qualified”) for a home loan by a lender. The agent should have a good familiarity with the lending process and will also want to know what kind of loan you were pre-approved for, the terms of the loan and the down payment requirements. You should have the pre-approval letter with you when you meet the agent. The agent should also spend adequate time to discover exactly what you are looking for in your next home. They should listen as much as they talk and ask questions. Watch to see if the agent takes detailed notes as they will need them when performing searches to find you the perfect home. If the agent doesn’t broach the topic, ask for an explanation of his understanding of agency relationships and obligations to you. The law requires agents to explain whether they’ll be working for the buyer or the seller whenever they have substantive contact
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