themselves as buyer’s agents indicate they’re only working for the buyer in a real estate transaction. Standard practice of the past was the buyer’s agent's commission is paid by the seller; however, it has never been required. The buyer's agent either gets paid directly by the seller or set up the transaction so that the seller provides a “credit” to the buyer for how much the real estate commission is — then the buyer pays the commission. Or the buyer will be required to pay the agent directly.
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 a special knowledge of local conditions. 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. A real estate agent will track down homes that meet your criteria, contact sellers’ agents, and secure appointments for viewing the homes. On their own, buyers have a more difficult time with these things. This is even more so the case when a buyer is moving due to relocation or employment opportunity and does not engage a buyer’s agent to handle matters. This certainly applies to veterans like yourself, who may be purchasing a home in a new location after leaving military service, or retiring to a favorite city or state they were once stationed in, or back to their hometown, where they may not have lived in a while. One important recent change to make note of is part of the NAR® settlement and goes into effect August 2024. In order for a buyer to even view a home they must have a signed buyer representation agreement with the agent showing them the home. This agreement can be for that specific home, for a specific area or for a specific time. The contract can be cancelled at any
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