Also Steve - experienced Buyer Agents know where to find the information the client wants when looking in the search areas.
It's not just a matter of going to the google search page. Experienced Buyer Agents can go into different towns and cities in their trading area and are able to locate information about the property contemplated.
It's a must to have the Buyer signed up for a committment to ensure you get paid for this service.
In our jurisdiction it is a requirement to inform the Buyer of all property suitable to the requirements that is available in the multiple listing service. This includes the listings offering reduced or no commission payment for services.
The Buyer would have to top up the difference if the contract pays more than what the seller is budgeting for commission payment.
This top up from the Buyer might be worth it for the Buyer in negotiating a price for the property and knowledge about the area might enter into the equation where the Buyer will get much more than the cost of topping up or paying the full the commission.
I am sure there willl be alot of interest in Buyer Agency when the benefits on the money side are fully known to the general public.
Real Estate practitioners will be able to set their working hours with Buyers and still have a life of their own to spend with their family, and work with many clients at the same time.
Once the Buyer views their agent as their own via a contractual agreement, all interest in property will be sent directly to the Buyer Agent for evaluation and worth, eliminating wasted time looking at unsuitable property.
The Buyer Agent becomes the central focus for the Buyer thus eliminating the Buyers being solicited by every listing agent they come in contact with and wasted time being serviced by a sales person who is only working for the owner. And please don't forget that discovery of pertinent facts about the property which the owners agent won't disclose can be of a monetary value or suitability factor for the Buyer if the owners agent had disclosed the info to the Buyer. Some disclosures are required by law, but on the other hand alot of non legal info issues can be kept in confidence only to the owners.
Basically an agent can work for the Owner or the Buyer. It's just a matter of signing the appropriate contract with the agent. Owners Agent/ Buyers Agent.
On a side issue - Dual agency is allowed in my jursidiction if disclosed in writing to the Owner and the Buyer.
Best regards from Bill
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