DIYbanter - View Single Post

dpb

wrote:
Also, remember that real estate agents are not really, fundamentally,
working for you -- they're actually working for the buyer in most
transactions.

Sorry WRONG agents work for the SELLER unless they are specifically
retained as BUYERS AGENTS and in that case a different agent has to
represent the seller.

Actually, I did word what I intended incorrectly by using the phrase
"real estate agent" as that does have a specific connotation. What I
intended was simply "agent" as there are buyers' and sellers' agents as
you note. However, it is not true that in every locale a different
agent must represent seller/buyer -- there are many jurisdictions for
which that still isn't a requirement although as far as I know, they
are required to reveal that (although in TN as one example, the
disclosure was pretty much hidden in the fine print and you had to dig
through all the contract "legalese" in order to get to it -- it wasn't
required to be "disclosed" as an upfront listing of "how I am paid"
kinds of things as in a disclosure form.

Amazing how much confusion on this.

That's true, and the key thing is that every state has laws and rules
that are not the same everywhere so there is an understandable reason
for the confusion -- it is very easy to take one's experience from a
particular place and assume it is applicable elsewhere, but that just
"ain't necessarily so"...