Likewise, today, 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 make a business of finding homes for prospective buyers and guide the home buyers through the home-buying process till the closing date. 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 agent to “manage” both sides of the transaction is dealing with an agent who has conflicting responsibilities. Their job is to get a good price for the seller, and they might not zealously represent the interests of the buyer. Those who market themselves as buyer’s agents indicate they’re only working for the buyer in a real estate transaction. Again, it used to be the buyer’s agent's commission was paid by the seller, but in today's market, the seller does not have to pay the buyer's agent fee. The seller is only responsible for the listing agent fee, and the buyer is responsible for the buyer's agent fee. So, in today's market, the buyer agents will have the buyers sign a buyer's representation agreement stating what his/ her professional fee is going to be, and that he will try to get the fee from the seller, but if that does not happen then the buyers will be responsible for compensating their buyer agent. This is the new norm.
MORE ACCESS TO THE REAL ES O THE REAL ESTATE MARKE TE MARKET
A real estate agent will have better access to the market, with - special knowledge of local conditions in the community. The agent is a full-time liaison between sellers and buyers. An agent will have ready access to other properties listed by other agents. Buyers’ and sellers’ agents know how to put a real estate deal together.
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