Frequent question: Is it OK to use same realtor as seller?

Can you use the same Realtor as the seller?

A real estate agent, either acting directly or through one or more salespersons and broker associates, can legally be the agent of both the Seller and the Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer.

Does it matter what Realtor I use to sell?

Your Realtor has to market your home well enough to get the buyer to show up to your negotiation table in the first place. If your Realtor isn’t using the most up-to-date marketing techniques then they are already wasting time and hurting your home’s value.

Can a seller refuse to pay buyers agent?

A seller is not obligated to pay the commission for a buyer’s agent. A: If you did not agree to pay the real estate agent, then you are not obligated to do so. Agents, like most other workers, get paid when someone hires them to do a service, such as finding a buyer for their house.

Can buyers and sellers talk to each other?

Can A Buyer And Seller Communicate Directly? While it is unethical for a REALTOR to speak to another agent’s client, there is nothing wrong with a buyer and seller communicating directly. They are not held to the same ethical standards. It is completely ok for a buyer and seller to directly speak to each other.

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What should you not fix when selling a house?

Your Do-Not-Fix list

  1. Cosmetic flaws. …
  2. Minor electrical issues. …
  3. Driveway or walkway cracks. …
  4. Grandfathered-in building code issues. …
  5. Partial room upgrades. …
  6. Removable items. …
  7. Old appliances.

Can a realtor buy a house for himself?

A: The same way as you would sell a house to a regular buyer. However, you must disclose on the contract that you are a licensed Realtor. … Buying a home as a Realtor isnt much different then a traditional sale. Just make sure you announce that your an agent to the Listing agent and that the home is for yourself.

Do buyers ever pay realtor fees?

As a buyer, your agent and the seller’s agent split a commission fee — typically 5–6% of the purchase price of the home. And while this fee is technically paid by the seller, it’s factored in to how much sellers list their home for.

How do I avoid paying buyers agent?

How to avoid realtor fees when selling a house

  1. How to avoid realtor fees when selling a house. You can do several things to avoid—or at least reduce—realtor fees when selling a house. …
  2. Do it yourself. …
  3. Compare realtors. …
  4. Negotiate fees. …
  5. Find a discount real estate broker. …
  6. Save money with a moving grant. …
  7. Use Homie. …
  8. 4.3.

Does seller always 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.

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