Like scaredycat, I started exploring what an agent can do for me.
Last week I interviewed a young realtor and came away with one concern which made me doubt his fiduciary responsibility to me as his client.
He said his commission is 3% of listing, and the seller’s agent also gets 3% of listing, and their payment is already included in the Listing Price. Is this usual?
Also, because his payment is already figured into the LP, wouldn’t he be reluctant to submit my lowball offer? If accepted, he would get less than if I paid asking …or is it in his best interest just to get the sale even if that means he gets less money?
this is his first experience with a down cycle, and he said the majority of his time would be spent actively searching listings in real time… I guess Redfin can only get me so far?
