Know Who the Agent Is Working For!
A Seller’s Agent works for the real estate company that lists the property. While the Seller's agent can assist you (the buyer) in purchasing the property, their loyalty is to the sellers.
A buyer may enter into a written contract with a real estate agent, which provides that the agent will represent the buyer in locating a property to buy. The agent is then known as the Buyer's Agent. That agent assists the buyer in evaluating properties and preparing offers, and negotiates in the best interests of the buyer. If you as a buyer wish to have an agent represent you, you must enter into a written Buyer Agency Agreement before a contract offer can be prepared.
Working with a buyer's agent is typically free of charge—the seller will pay both agents (buyer and seller) a commission when the sale closes. However, you should always confirm with your agent as these costs may be part of a negotiation.
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