We are a service provider. We do not get paid until the transaction closes. Even though we represent "YOU" the Buyer, we are typically paid by sellers through an agreement made between them and their Listing Broker. In Marketing the home For Sale, they offer to share in the brokerage fee if we bring them a ready, willing and able buyer. Understanding Agency in Real Estate Transactions is important for the consumer.
The Buyers Agent is an advocate for the buyer and is there to look out for and to put the buyers needs first, negotiate the best possible terms and price on their purchase, educate them on the area and comparable properties, guide them through the paperwork, contract, disclosures, inspections, financing availability and more....we take you from start to finish and sometimes beyond!! We want to gain your trust and feel comfortable with the process. This is one of the most important and exciting decisions you can make and along with it comes a good amount of stress as well. We are your buffer and your confident. We are here to help you!
The Listing Agent has the same obligation to their seller. So, you see, it's hard for the same person to be on both sides of the transaction.