🚀 go-pugleaf

If you are a buyer and you are working with an agent, unless you 
specifically sign a contract with that agent, the agent is working
for the seller.

Mike (anon@xnews.com) writes:
> 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.
>>
> ...
>>
>>--
>>Donate blood
>>http://www.bloodservices.ca/Ontario/Ottawa/index.html
> 

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