Right off the bat, August 17th 2024 the real estate laws has changed, concerning buying and selling a home in the industry. There is a buyer broker agreement must be signed before any realtor shows a home. I can go more in depth as we meet. Ah, not so fast, friend. The reasons to use a real estate agent today are as valid as yesterday. Law's and forms change throughout the year. The ease of online transactions and proliferation of services to assist veterans in handling their own real estate transactions came about recently, throughout the last decade. This has caused veterans like yourself to wonder if using a real estate agent is no longer necessary or if it’s an expense that can be avoided. While doing the work yourself can save you money if you buy a “For Sale By Owner” (FSBO) house and the seller agrees to reduce the price by 3% (half of what a listing agent would receive), but for many veterans, a do-it-yourself home purchase might be pricier than a real estate agent’s commission in the long run. Besides, a buyer generally doesn’t directly pay any commission to an agent on a house purchase. On most home sales, there is a listing agent (the agent engaged by the seller to sell the property) and a selling agent (the agent who introduces the eventual buyer into the transaction). The selling agent is sometimes called the “buyer’s agent” because he or she is often working on a certain buyer’s behalf, and it’s easier than explaining that the selling agent is not the listing agent but really the buyer’s agent. There are some real estate agents that market themselves as “buyer’s agents,” “exclusive buyer’s agents,” or “buyer’s representatives.” These real estate agents have chosen to make a business of finding homes for prospective buyers, including veterans like yourself, and handling the negotiations and transactions attendant to the purchase. These agents want to accentuate the reasons a buyer shouldn’t go directly to the listing agent when they purchase real estate.
A buyer who goes directly to the listing agent and allows that
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