by Teryn Bonime www.teryndowntheroad.com
There are buyers who believe that they will get a better deal if they have the agent who represents the seller write their purchase offer. Here is one financial reason why this may not be true.
There are many terms agreed upon when a Seller and a Listing Agent execute a Listing Agreement. One of those decisions is the amount of commission the Seller will give the Listing Agent when the home sells. Typically a percentage (versus a set dollar amount) of that commission is given to the agent who brings a buyer to the table – a Buyer’s Agent.