For new housing, the price is unlikely to be heavily influenced, regardless of the number of agents involved. If another agent brings in a buyer, the total commission will be split between the two agents. However, the era of limited representation and owner-selling has provided a great deal of information to potential consumers who wish to represent themselves. If you decide to go with a buyer agent, ask around. Ross said that most brokers and agents build their business by reputation, which means they know they have to do a good job every day. The problem arises when you want to see as a buyer a home that your agent can present as a seller. If you have an exclusive buyer agreement with this agent, this agent cannot legally show you the houses he represents as the seller`s agent. One aspect you may not realize is that buyer`s agents generally do not cost extra money in most real estate transactions. Most brokers are paid on the proceeds of the sale of the house and are paid by the sellers, even if they work for the buyer. What many potential buyers in North Carolina do not know is that every realtor should present them with the Working With Real Estate Agents brochure at first substantial contact. This is a mandate of the North Carolina Real Estate Commission. It is our board here in North Carolina, and it is non-negotiable. In order to briefly outline the brochure, it aims to familiarize the potential buyer with the types of agency agreements authorized in North Carolina.
As we all know, real estate laws can vary from state to state. So that`s the way to educate the consumer in North Carolina. This may limit your ability to consider homes if this agent has many offers. For this reason, it is extremely important to ask your agents if they represent you exclusively or if they also represent other sellers. The only real “con” to work with a buyer`s agent is to limit your available options. According to Ross, most agents would act as both buyer agents and sellers for the past 15 years. As this has led to a potential conflict of interest, if an agent has already shown a home that he or she represented, many agents have begun to act only as sellers or agent buyers. Use this link to the real estate agent`s interview questionnaire to help you choose a Triangle Realtor or Raleigh real estate agent.
The selling price of a home is often determined by similar homes in that area, and agent involvement is not a factor that the market is considering.