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Why do buyers use the listing agent to buy the house and should they?
I was talking with a home buyer (now home seller) about how he bought his properties. And he said he has always used the listing agent. And he claims he's had the best deals doing it that way.
Does the buyer really think he can get a better deal by using the listing agent which results in dual agency.
Apparently, a lot of them do. And in states where dual agency is legal, many buyers are still exploring this idea.
What are the pros from the buyer's point of view?
I asked a Buyer why he always used the listing agent during the times that he bought property, and here's what he told me:
Listing Agent (LA) is more knowledgeable about the property than any other agent LA has a relationship with the seller which may make it easier to communicate buyer's requests and concerns, and have the seller more willing to cooperate (at least, that's what the buyer thinks!) LA will make more money representing both parties and therefore will work harder to make it happen (Does he really think the Buyer's Agent works any less?) LA may be willing to rebate part of his commission to the Buyer (On the other end, the ... more
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