What Really Drives the Agent?
Let me school you up on the relationship property owners have with Real Estate Agents.
In most cases the Agent will be engaged by the Seller and therefore owes the Seller legal obligations.
In many other circumstances though, particularly where the Buyer seeks and relies on the Agent’s advice, the Agent will also have legal responsibilities to the Buyer along with the Seller.
So, is the Agent the Seller’s friend or the Buyer’s friend? Discussion with a real estate agent
There is no doubt in my mind that the reality is that the Agent is no one’s friend, but he is not the enemy either.
My overwhelming experience is that Agents act for themselves and not the Buyer or the Seller regardless of who is paying the bill, and regardless of what the law says about their obligations.
This reality may seem self evident to you but the simplicity of it is rarely appreciated by real estate investors.
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