find a house quickly, and they will ensure that your home is bought. There are also cons for the seller when it comes to dual agency, and they are: Your agent can’t advise you as thoroughly when they must act as a dual agent because impartial facilitation is required. Your listing agent cannot negotiate the best or highest price for you if you are dealing with the best and lowest terms for the buyer. If the opportunity arises, earning a full commission may tempt the agent to coerce you into accepting a deal you might not accept otherwise. Your agent may inhibit all access to your listing through buyers with agents. To avoid surprises or missteps in a dual agency sale, please clarify essential details with your agent beforehand. You can do this using an exclusive buyer-broker agreement.
HOW REAL ESTATE AGENTS ARE PAID
The National Association of Realtors® Profile of Home Buyers and Sellers states that approximately 10% of homeowners opted to sell their homes without using a real estate agent or Realtor®. A handful of For Sale By Owner (FSBO) transactions dealt with sellers and buyers who previously knew each other or were directly related; Real estate agents and Realtors® — unlike professionals in different categories who bill by hourly rates or earn a salary — get paid through a transaction (commission) at the end of each sale.
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