awgee_IHB
New member
[quote author="stepping_up" date=1235651457]Never, ever, ever let the seller's agent represent you.</blockquote>
Your mistake was not that you entered into a purchase contract without a buyer's agent. Your mistake was not understanding what a seller's agent does and who he/she represents. The seller's agent can not and does not represent you. The seller's agent represents the seller. Period. The seller and the agent have a contract.
If the buyer chooses not to use an agent and writes a purchase contract with the listing agent, the buyer is representing themselves. The listing agent does not and can not represent both the buyer and the seller. The seller's agent's job is to represent the best interest of his contracted client, the seller.
Personally, I think that 95% of the folks who use a buyer's agent are mistaken thinking that the buyer's agent represents them, but that is another story, eh?
Your mistake was not that you entered into a purchase contract without a buyer's agent. Your mistake was not understanding what a seller's agent does and who he/she represents. The seller's agent can not and does not represent you. The seller's agent represents the seller. Period. The seller and the agent have a contract.
If the buyer chooses not to use an agent and writes a purchase contract with the listing agent, the buyer is representing themselves. The listing agent does not and can not represent both the buyer and the seller. The seller's agent's job is to represent the best interest of his contracted client, the seller.
Personally, I think that 95% of the folks who use a buyer's agent are mistaken thinking that the buyer's agent represents them, but that is another story, eh?