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Realtors(R) don't charge the home buyers in America, do they? Who pay commission to buyer's agent? Consumers Guide to Agency Relationship: Part 2
People love free stuff. Free is a magic word. Whoever gives something away  - for FREE! - feels like a God, like generous, kind, almighty God who makes people happy and smiling. What a gracious life!
You may know this feeling if you are Real Estate agent and work for home buyers in Cleveland or in other parts of America. Why?
Because here in America home sellers pay Real Estate commission. Buyer's representation is apparently FREE!
Is it really free or it's not?     
That's a good question to discuss with your potential clients when you ask them to sign the Consumers Guide to Agency Relationship, which is required by law in State of Ohio. Indeed, the tradition is that the sellers pay Real estate commission. Sellers also authorize their agent to offer part of this commission via MLS to cooperating brokers for allocating the buyer who is ready, willing and able to purchase the seller's property.
According to this tradition, only sale of the property listed in MLS leads to the buyer's agent's commission. Agency relationship itself is not the basis for monetary reward. That's why discussion of Consumers Guide to Agency Relationship is so important for both buyers and Real estate agents.
What buyers can ask?
O.k. dear Agent! You say that I don't pay for your representation. ... more

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