🚀 go-pugleaf

Actually that's a bit misleading, whether you have a "buyer's agent" or 
not, the commission is still paid on the sale price of the house by the 
vendor.  (i.e. if your "buyer's agent" sends you a bill, contact your 
lawyer)  That being said, you are correct and it's certainly in any buyer's 
interest to have a "buyer agent".  

As you stated, the listing agent works for the vendor and if you use them 
to purchase a home, they are suppose to get the best possible deal (i.e. 
the highest price) for their vendor and they will receive both halves of 
the commission (usually 5%).  If you use a buyer's agent, they will try to 
negotiate with the listing agent to get you the lowest possible price and 
the commission (still paid by the vendor) will be split between the two 
agents (usually 2.5% each).

FYI, this is the same for buying a new home from a builder and it is 
usually in your advantage to use a buyer's agent to negotiate a deal when 
buying a newly build home.  However not all (but most) builders will 
cooperate with buyer agents so sometimes you don't have that option. 

More 2cents,
Mike.



cx172@FreeNet.Carleton.CA (Elat Lerner) wrote in
<9ssjpk$j6g$1@freenet9.carleton.ca>: 

>Vijay Aggarwal (vijay.aggarwal@home.com) writes:
>> u donot pay comm.when u  buy the house, seller pay to agent for
>> selling the house.
>
>Not necessarily.
>
>If the seller(vendor) pays then all agents involved work for the 
>vendor. So if you are the buyer, and you have an agent show you
>properties, get you to make an offer, etc., that agent is really
>working for the vendor. It is his job to get the vendor the best 
>price possible.
>
>OTOH if you pay the commission to your agent as a buyer, then
>the agent will be looking after your best interest. Trying to get
>you the best deal for the least amount of money. 
>
>Since you are paying commission anyway (if you are the buyer it
>is built into the price), you may as well pay it directly and
>benefit from working with an agent that is working for you.
>
...
>
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