CHAPTER 1 How Real Estat eal Estate Agents e Agents Help Home Buyers
I’ll come right out at the start and tell you I’m a broker-agent — proudly so! Nice to meet you! I’m not trying to sell you anything, but I’m pleased to be of service. In fact, generally, real estate agents for buyers are paid out of the listing agent’s commission. So, I’m not looking to part you from your money. Instead, I’m giving you the benefits of experience and advice I have gleaned throughout my career selling houses and being in real estate transactions — for both sellers and buyers. If you want me to help you find a house, we can talk. Call me if you need me. In most home sales, there are two key agents involved: the listing agent, who is engaged by the seller to sell the property, and the selling agent, who introduces the buyer into the transaction. The selling agent is sometimes referred to as the "buyer's agent" because they typically work on behalf of a specific buyer. This term is used to distinguish them from the listing agent and simplify the explanation. It's important to note that a buyer generally doesn't directly pay any commission to an agent when purchasing a house. The commission for the buyer's agent is typically paid by the seller, with a few exceptions. In most cases, the seller either pays the commission directly or includes it in the overall purchase price. This means that as a buyer, you can benefit from the services of a buyer's agent without having to pay their commission separately. Engaging the services of a buyer's agent offers numerous 1
Powered by FlippingBook