[all]

[quote=bearishgurl] To name a few, if your agent is incompetent and/or doesn’t possess the requisite knowledge to properly complete your transaction, you can easily lose your earnest money deposit, pay too much for the property, never get your offer presented or presented properly, be in “perpetual escrow” waiting for a lender to agree to sell “short enough” (which will never take place), take possession without the agreed-upon items fixed, get taken to the cleaners by your mortgage broker, sign away your contingencies before they are met or satisfied . . . the list goes on . . . and on.
[/quote]

The contract between the buyer and the buyer’s agent says nothing about the agent compensating the buyer for failing to protect the buyer from any of the things listed above.

My experience says a buyer’s agent is more likely to send you to his buddy mortgage broker than to tell you about aimloan.com.

[all]

[quote=bearishgurl] To name a few, if your agent is incompetent and/or doesn’t possess the requisite knowledge to properly complete your transaction, you can easily lose your earnest money deposit, pay too much for the property, never get your offer presented or presented properly, be in “perpetual escrow” waiting for a lender to agree to sell “short enough” (which will never take place), take possession without the agreed-upon items fixed, get taken to the cleaners by your mortgage broker, sign away your contingencies before they are met or satisfied . . . the list goes on . . . and on.
[/quote]

The contract between the buyer and the buyer’s agent says nothing about the agent compensating the buyer for failing to protect the buyer from any of the things listed above.

My experience says a buyer’s agent is more likely to send you to his buddy mortgage broker than to tell you about aimloan.com.

[all]

[quote=bearishgurl] To name a few, if your agent is incompetent and/or doesn’t possess the requisite knowledge to properly complete your transaction, you can easily lose your earnest money deposit, pay too much for the property, never get your offer presented or presented properly, be in “perpetual escrow” waiting for a lender to agree to sell “short enough” (which will never take place), take possession without the agreed-upon items fixed, get taken to the cleaners by your mortgage broker, sign away your contingencies before they are met or satisfied . . . the list goes on . . . and on.
[/quote]

The contract between the buyer and the buyer’s agent says nothing about the agent compensating the buyer for failing to protect the buyer from any of the things listed above.

My experience says a buyer’s agent is more likely to send you to his buddy mortgage broker than to tell you about aimloan.com.

[all]

[quote=bearishgurl] To name a few, if your agent is incompetent and/or doesn’t possess the requisite knowledge to properly complete your transaction, you can easily lose your earnest money deposit, pay too much for the property, never get your offer presented or presented properly, be in “perpetual escrow” waiting for a lender to agree to sell “short enough” (which will never take place), take possession without the agreed-upon items fixed, get taken to the cleaners by your mortgage broker, sign away your contingencies before they are met or satisfied . . . the list goes on . . . and on.
[/quote]

The contract between the buyer and the buyer’s agent says nothing about the agent compensating the buyer for failing to protect the buyer from any of the things listed above.

My experience says a buyer’s agent is more likely to send you to his buddy mortgage broker than to tell you about aimloan.com.

[all]

[quote=bearishgurl] To name a few, if your agent is incompetent and/or doesn’t possess the requisite knowledge to properly complete your transaction, you can easily lose your earnest money deposit, pay too much for the property, never get your offer presented or presented properly, be in “perpetual escrow” waiting for a lender to agree to sell “short enough” (which will never take place), take possession without the agreed-upon items fixed, get taken to the cleaners by your mortgage broker, sign away your contingencies before they are met or satisfied . . . the list goes on . . . and on.
[/quote]

The contract between the buyer and the buyer’s agent says nothing about the agent compensating the buyer for failing to protect the buyer from any of the things listed above.

My experience says a buyer’s agent is more likely to send you to his buddy mortgage broker than to tell you about aimloan.com.

[all]

[quote=XBoxBoy]
Turns out a furnace not working is a big deal. You can’t get a loan on the house without a working furnace. My agent knew this, and was able to demand that the heater be replaced before I bought the house. [/quote]

Well, just don’t remove the loan contingency if you can’t get the loan.

I dealt with two buyer’s agents and both were obstacles. I can see where having access to knowledgeable person can help (mostly if you don’t know the area where you are buying), but if you know the area and have time and will to educate yourself you will likely be better of by not having that special representation.

Keep in mind that buyer’s agent might have the almighty fiduciary duty, but there is little substance there. If you get screwed by an ignorant or malicious agent you’ll have no real remedy.

Of course, the listing agent will likely blow you off if you try to get half of the commission. What’s in it for the agent if you get the listing agent’s cut? After all, the listing agent today is someone’s selling agent tomorrow and does not want to be recognized as someone who robs fellow agents.

I see value in selling with an agent, but an educated buyer today does not really need one.

[all]

[quote=XBoxBoy]
Turns out a furnace not working is a big deal. You can’t get a loan on the house without a working furnace. My agent knew this, and was able to demand that the heater be replaced before I bought the house. [/quote]

Well, just don’t remove the loan contingency if you can’t get the loan.

I dealt with two buyer’s agents and both were obstacles. I can see where having access to knowledgeable person can help (mostly if you don’t know the area where you are buying), but if you know the area and have time and will to educate yourself you will likely be better of by not having that special representation.

Keep in mind that buyer’s agent might have the almighty fiduciary duty, but there is little substance there. If you get screwed by an ignorant or malicious agent you’ll have no real remedy.

Of course, the listing agent will likely blow you off if you try to get half of the commission. What’s in it for the agent if you get the listing agent’s cut? After all, the listing agent today is someone’s selling agent tomorrow and does not want to be recognized as someone who robs fellow agents.

I see value in selling with an agent, but an educated buyer today does not really need one.

[all]

[quote=XBoxBoy]
Turns out a furnace not working is a big deal. You can’t get a loan on the house without a working furnace. My agent knew this, and was able to demand that the heater be replaced before I bought the house. [/quote]

Well, just don’t remove the loan contingency if you can’t get the loan.

I dealt with two buyer’s agents and both were obstacles. I can see where having access to knowledgeable person can help (mostly if you don’t know the area where you are buying), but if you know the area and have time and will to educate yourself you will likely be better of by not having that special representation.

Keep in mind that buyer’s agent might have the almighty fiduciary duty, but there is little substance there. If you get screwed by an ignorant or malicious agent you’ll have no real remedy.

Of course, the listing agent will likely blow you off if you try to get half of the commission. What’s in it for the agent if you get the listing agent’s cut? After all, the listing agent today is someone’s selling agent tomorrow and does not want to be recognized as someone who robs fellow agents.

I see value in selling with an agent, but an educated buyer today does not really need one.

[all]

[quote=XBoxBoy]
Turns out a furnace not working is a big deal. You can’t get a loan on the house without a working furnace. My agent knew this, and was able to demand that the heater be replaced before I bought the house. [/quote]

Well, just don’t remove the loan contingency if you can’t get the loan.

I dealt with two buyer’s agents and both were obstacles. I can see where having access to knowledgeable person can help (mostly if you don’t know the area where you are buying), but if you know the area and have time and will to educate yourself you will likely be better of by not having that special representation.

Keep in mind that buyer’s agent might have the almighty fiduciary duty, but there is little substance there. If you get screwed by an ignorant or malicious agent you’ll have no real remedy.

Of course, the listing agent will likely blow you off if you try to get half of the commission. What’s in it for the agent if you get the listing agent’s cut? After all, the listing agent today is someone’s selling agent tomorrow and does not want to be recognized as someone who robs fellow agents.

I see value in selling with an agent, but an educated buyer today does not really need one.

[all]

[quote=XBoxBoy]
Turns out a furnace not working is a big deal. You can’t get a loan on the house without a working furnace. My agent knew this, and was able to demand that the heater be replaced before I bought the house. [/quote]

Well, just don’t remove the loan contingency if you can’t get the loan.

I dealt with two buyer’s agents and both were obstacles. I can see where having access to knowledgeable person can help (mostly if you don’t know the area where you are buying), but if you know the area and have time and will to educate yourself you will likely be better of by not having that special representation.

Keep in mind that buyer’s agent might have the almighty fiduciary duty, but there is little substance there. If you get screwed by an ignorant or malicious agent you’ll have no real remedy.

Of course, the listing agent will likely blow you off if you try to get half of the commission. What’s in it for the agent if you get the listing agent’s cut? After all, the listing agent today is someone’s selling agent tomorrow and does not want to be recognized as someone who robs fellow agents.

I see value in selling with an agent, but an educated buyer today does not really need one.

[all]

[quote=briansd1]Maybe the buyer was a good friend or relative of the agent?[/quote]

Maybe the buyer is a good friend or relative of the seller?

[all]

[quote=briansd1]Maybe the buyer was a good friend or relative of the agent?[/quote]

Maybe the buyer is a good friend or relative of the seller?

[all]

[quote=briansd1]Maybe the buyer was a good friend or relative of the agent?[/quote]

Maybe the buyer is a good friend or relative of the seller?

[all]

[quote=briansd1]Maybe the buyer was a good friend or relative of the agent?[/quote]

Maybe the buyer is a good friend or relative of the seller?

[all]

[quote=briansd1]Maybe the buyer was a good friend or relative of the agent?[/quote]

Maybe the buyer is a good friend or relative of the seller?

[Author]

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