you buy a “For Sale By Owner” (FSBO) house and the seller agrees to reduce the price by 3% (in the range of what a listing agent would traditionally receive), for many, a do-it-yourself home purchase might be pricier than a real estate agent's commission in the long run. Additionally, a buyer typically does not pay an agent a commission directly on a house purchase. On most home sales, there is a listing agent (the agent the seller engages to sell the property) and a selling agent (the agent who introduces the eventual buyer into the transaction). Some real estate agents market themselves as “buyer’s agents,” “exclusive buyer’s agents,” or “buyer’s representatives.” These real estate agents have chosen to specialize in finding homes for prospective buyers and handling the negotiations and transactions associated with the purchase. These agents want to emphasize why buyers shouldn’t go directly to the listing agent when purchasing real estate. A buyer who goes directly to the listing agent deals with an agent with conflicting responsibilities. You will be unrepresented if you choose not to hire an agent. A seller's agent's job is to obtain a reasonable price for the seller, and they may not necessarily represent the buyer’s interests ambitiously. Those who market themselves as buyers’ agents indicate they only work for the buyer in a real estate transaction. The buyer’s agent's commission is paid by the seller, except in rare cases. They either receive payment directly from the seller or set up the transaction so that the seller provides a “credit” to the buyer for the real estate commission, after which the buyer pays the commission. A maxim in real estate is, “No matter how it’s set up, the buyer still walks away with the house, and the seller still walks away with almost 97% of the purchase price.”
MORE ACCESS TO THE REAL ES O THE REAL ESTATE MARKE TE MARKET
A real estate agent will have better access to the market and an exceptional knowledge of local conditions. The agent is a full-
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