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Asked by A A, New York, NY Thu May 2, 2013

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Answers

9
Ron Thomas, Agent, Fresno, CA
Tue May 7, 2013
Did he also offer a real big bridge for sale?
0 votes
LOL!!! It was the Golden Gate!
Flag Tue May 7, 2013
Timothy Reil…, Agent, Astoria, OR
Tue May 7, 2013
Hi. The major advantage to hiring a buyer's agent is the buyers agent works in your best interest. He or she can negotiate the price and conditions for you. A sellers agent cannot do this for you, as they work in the best interest of the seller. As for payment, the buyer is the only person bringing money to the closing. In effect, the buyer pays the agents commission at all closings. Also, if you choose to hire a buyers agent, you can ask the seller to pay your agents commission in the offer.

Most seller's agents frown on working with a buyer agent client for this reason. I am a Certified Buyers Representative. If you would like to work with a buyers agent, please give me a call at 718-721-2700.
0 votes
Alina Bogosi…, Agent, Rego Park, NY
Fri May 3, 2013
Choosing to work with a buyer's agent is a decision that depends on the buyer. I have worked with buyers in the past who preferred to sign an agreement because the agent would be working with the buyer's best intentions, as opposed to just showing a property to the buyer without an agreement, which means legally the agent is working for the seller. If you have any questions please don't hesitate to contact me at 347-463-2979, good luck!
0 votes
Arlene Conti, Agent, Howard Beach, NY
Fri May 3, 2013
Yes it is. I am a Certified Buyers Representative and I think there were only 2 instances where a buyer actually signed with me. In other states this is a very common practice but not here. There are 2 purposes to this. 1) it works very well for the agent as it binds a buyer to you for a certain period of time; and 2) it allows the agent to look for properties anywhere including For Sale by Owner since the buyer is the one paying the commission to the agent.
Should you have any other quesions, feel free to call at 917-836-4559
0 votes
Anna M Brocco, Agent, Williston Park, NY
Thu May 2, 2013
Keep in mind that the seller pays commission at closing out of the proceeds of the sale, if two agents are involved in the transaction the fee is shared; therefore you are free to work with whoever you wish; representation is generally at no cost to you, unless you have an agreement with your agent to pay above what is already being offered....choose your agent with care.
0 votes
Jean-Marie W…, Agent, Westburry, NY
Thu May 2, 2013
A buyer's agent has a contract with a prospective buyer to help him or her find a home. The commission in this case is paid by the buyer.

In most transactions eventhough an agent assit you, the buyer, honestly and professionally to find a home , he is a seller's agent in that he or she enters into an agreement where he or she is paid by the seller. There is therefore a conflict of interest that should be disclosed.

Most people do not hire a buyer's agent. A buyer's agent contract ties you to that agent exclusively. The listing agent is right. Because Manhattan propertties are expensive, people hire buying agent to find properties and protect their interest exclusively.

Heed the adage. Buyers beware!
0 votes
Gail Gladsto…, Agent, 11743, NY
Thu May 2, 2013
No!!!!!! Everyone is entitled to representation. This sounds like a Realtor who is only looking out for their own pocket and not the seller to whom they have a fiduciary responsibilty.
0 votes
Jeff Putterm…, Agent, Jackson Heights, NY
Thu May 2, 2013
The choice to use a buyer's broker is up to the buyer, and knows no geographic bounds. If you are uncomfortable with the seller's agent also representing you -- which must be disclosed up front -- you can find another agent whom you trust, or hire a buyer's agent.
0 votes
Alex Lavrenov, Agent, New York, NY
Thu May 2, 2013
Sounds like he is just looking to collect full commision.
0 votes
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