Question: Is It Better To Have Your Own Real Estate Agent?

Can listing agent lie about offers?

Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible.

If the seller has other offers, the listing broker usually will come back to you and ask for your best offer..

Do buyers ever pay realtor fees?

If you’re buying a home, you’re probably off the hook for paying the commission of the real estate agents. The home seller usually picks up this payment. Typically, the fee is paid by the seller at the settlement table, where the fee is subtracted from the proceeds of the home sale.

Can I see a house without my agent?

Yes, you can go to public open houses without your agent and you are not violating any “threshold” rights of the Agents. … It makes your open house visit more enjoyable because the attending Agent will leave you be and not bother to try and extract your contact information (other than perhaps your name).

How do you represent yourself when buying a house?

If you’re buying a home without a realtor and representing yourself, these critical tips can help your transaction go smoothly.Make sure you’re not paying too much. … Hire an attorney at the beginning. … Work closely with your loan officer. … Consider a broker.

Can real estate brokers work from home?

Yes, real estate agents can work from home, and many do. … Real estate agents are licensed salespeople for homes and property. They make a living by assisting buyers and sellers complete an exchange of real estate. Real estate agents are paid by commission, which means they essentially work for themselves.

What happens when a real estate agent buys a house?

Usually an agent will have a “beneficial interest” in the purchase of a client’s property listed for sale if the buyer is the agent, a salesperson, a close relative or family member of either or a company, firm or trust associated with the agent or salesperson. …

What should I not tell my real estate agent?

Among the things home sellers should not say, the lowest price you are willing to take is probably a no-no. “The primary thing I tell people not to discuss is the minimum price they will accept,” notes Babbitt. “When you tell your agent your lowest price, they are going to shoot for that price in the contract.

Is it better to have your own realtor?

A:I recommend you contact a Realtor that is not the listing agent. If you should decide to make an offer on the home, you will want your own agent representing you. The listing agent will represent the seller. … All Realtors can show you any home, so there really is no need to have more than one.

Is it a bad idea to use the same Realtor as the seller?

Buyers can catch a break on Realtor commissions if both sides are using the same agent. The biggest advantage may not be saving money, but the possibility of having a leg up on other buyers by having the seller’s agent know what the other offers are and helping you make the best offer.

Can you represent yourself as a real estate agent?

Only licensed agents are eligible to collect a commission. You must be licensed in your state – otherwise it’s illegal to collect a commission on a real estate transaction. … Representing yourself instead of using a buyer’s agent usually doesn’t mean that the seller is paying a lower commission.

Can agents lie about other offers?

But most of the time, if there’s another offer, there’s probably another offer for real. No one said it was better than yours though… Agents can legally lie about everything and anything that involves the sale event of real property. YOU AS THE SELLER OR BUYER ARE ACCOUNTABLE for EVERYTHING, NOT THEM.