When
a seller hires a real estate agent to market their home,
the seller signs a listing agreement. From then on that
agent will do whatever is required to procure a buyer (you)
for that property.
When
you call in on an ad for a property, you understand the
real estate agent is working for the seller. But
what many people don’t know is if they go and see
other properties with that same agent, the agent is working
for the seller of each one of the other properties even
if they don‘t have a listing agreement signed with
each owner!!! This
is called sub-agency. This is the system as it has always
been.
The agent is really working for the seller, even though
we are friends? The agent is really working for the seller
even though they don’t have a listing agreement signed????
ABSOLUTELY!!! This is why Buyer Agency
was created. So that Buyers could have the same representation
that the sellers have.
If you
aren’t working contractually with a Buyers Agent,
no matter how close you and your agent have become, they
aren’t working for you!