Transaction Brokers handle the paperwork, provides feedback, gives the buyer/seller options, gives the buyer/seller situations, and lets the buyer/seller make the decision, the number one thing about a transaction broker is that neither the broker nor the client are vicariously liable for each other's actions.
Single Party Broker, speaks openly to their clients about their personal thoughts and the client (buyer or seller) is vicariously liable for their Broker's actions and the Broker is vicariously liable for the client's actions.
Brokers need to ask themselves, do I want to be liable for the buyer's or seller's actions if they, their clients do something illegal? Especially if you have, a contract w/ that client whos actions are outside the broker's control the broker could end up paying for their clients fraud as a single party broker.
Hope this helps,
Typically, the buyers agent will be paid by the listing broker. When a house is listed, the seller makes an agreement with the listing broker to pay them and that broker in turn pays the buyers agent a share of that fee. Of course, if you are interested in a For Sale by Owner, then your agent will have to negotiate with that seller for a commission or you can pay them as well. Flat Fee brokers can be worked with in the same manner.
As a buyer, you typically don't have to pay anything out of pocket while looking to buy. If your agent wanted any upfront fee, (some do now) then it should have been brought up before you went out looking with them. So, don't worry about it. : ) Just enjoy yourselves while looking for your new home.
Good Luck!... more
Typically an 'interior' location means that it isn't on a corner. Location on a greenbelt means that the property touches a common 'green' space (like a grassy park, jogging path, utility easement,...). Try looking up the address on a google or yahoo map and view the satellite or terrain image.... more