Who pays $$$$?
Q) Who pays the commission?
A) The person paying the mortgage, that's who!
Q) Who's working for the person paying the mortgage?
A) It is up to the person who will be paying the mortgage. The mortgage holder has to decide long before they look at a house who will work for them.
So you want to look at houses? You better do you homework first. First contact with a listing agents (seller's agents), can cost you later. You have the right to choose an agent to work for you, instead of for the person who's house you are trying to buy.
Buyer beware!
Buyers Agent= Some times works for buyers and sometimes for sellers. Where does the loyalty start or end???
Exclusive Buyers Agent= Always work for the buyer, never the sellers. 100% Loyalty
In the case of SNIDER v. OKLAHOMA REAL ESTATE COMMISSION, June 1, 1999 the Oklahoma Supreme Court said: "Sellers' agents and dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent who acts on behalf of a buyer. Sellers' agents owe their allegiance to the seller. Dual agency invites a conflict of interest. A buyer who relies on the seller's agent or on dual agency does not receive the same degree of legal protection as that afforded by an agent acting solely on behalf of the buyer".
