MYTH: The salesperson that shows you property is your agent.
FACT: Real estate agents or sub-agents are legally bound to protect the interests of the seller, unless otherwise specified in a written agency agreement between the buyer and the agent.

MYTH: A traditional agent will keep your financial information confidential
FACT: Real estate agents are required by law to reveal to the seller any personal or financial information that they may know about the buyer, unless the buyer has hired buyer agent to represent them exclusively!

MYTH: A traditional agent will negotiate the LOWEST price for you
FACT: While the real estate agent may indeed be motivated to make a sale, under agency law, the Agent is still required to negotiate the highest possible price for the seller. You might get the property, but probably not at the lowest possible price, nor the best terms.

MYTH: Traditional agents do the same thing as Buyer Agents
FACT: A traditional agent can’t tell you the home is worth less than asking price. Remember, they are working for the seller and must do everything in their ability to get the highest price for the seller.

MYTH: A Buyer’s Agent costs more than a traditional agent
FACT: Almost always the commission is taken directly from the transaction, unless you choose otherwise. In fact, a good Buyers Agent will probably save you thousands of dollars by negotiating the best price and terms possible.