Question: Can A Buyer And Seller Have The Same Realtor?

Do I have to pay my realtor if my house doesn’t sell?

You have the right to sell your property on your own (FSBO) or with another agent after the agreement expires.

Generally speaking, if your house doesn’t sell for what ever reason, no commission is due to the listing agent..

Is dual agency good for the buyer?

To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.

Can a buyer change realtors?

As a seller, you’re also well within your rights to request to change real estate agents. … If you’ve switched agents, and a buyer who was introduced to your home by the original listing agent goes on to buy your home, then it’s possible you’ll be required to pay the first agent a commission.

Can I ditch my real estate agent?

You will usually need to give your current estate agent notice that you want to exit their service. Check the agency agreement/contract you signed when you originally instructed them. It should list the minimum amount of time you have to advertise your home through them. This is usually around 12 weeks but will vary.

What do you do if your not happy with your realtor?

There’s no point bottling up your frustration internally. If you go to your real estate agent and have an honest and open conversation about what they’re doing wrong, they’ll be much more likely to admit fault and give an explanation of why they haven’t been performing. If appropriate, give them a second chance.

Do you have to pay a realtor if you decide not to sell?

A: You can cancel the contract at anytime and for any reason. You are not obligated to pay this Realtor any fees unless she fulfilled her contract obligations of selling your house. … Generally, Realtors do not get paid unless a closing occurs.

Can a seller fire their realtor?

A: Yes, you can terminate the contract with your realtor. The terms by which the termination can be made should be spelled out in the contract. … Most listing agreements however provide for the payment of commission if the seller terminates the agreement early or otherwise blocks or prohibits the sale of the property.

Is it better to be a buyers or sellers agent?

As a listing agent you control your time better. Most of a buyer’s agent day is spent on nights and weekends when their clients have the time to look, but sellers agents can set a more normal schedule. … Most of this depends on your feelings of professionalism and setting boundaries for your potential clients.

What is the arrangement called when the agent is accountable only to the buyer?

Net sale. In-house sale. What is the arrangement called when the agent is accountable only to the buyer? Buyer’s agent.

Should buyer and seller use same realtor?

Buyers can catch a break on Realtor commissions if both sides are using the same agent. The biggest advantage may not be saving money, but the possibility of having a leg up on other buyers by having the seller’s agent know what the other offers are and helping you make the best offer.

Can Realtors lie about multiple offers?

As everyone else has said, yes they can lie about other offers but if you have an escalation clause that is being used, they need to present the other offer if requested. … One of the problems with agents is they lie so much its essentially impossible to assume they are telling the truth … or to assume they are lying.

Do listing agents make more than buyers agents?

First of all, the fee is split in half between the listing and selling broker. So each brokerage company (listing agent and buyers agent) gets 2.5 to 3 percent of the sales price. … There is a reason people continue to pay 5 percent to 6 percent to real estate companies — and not directly to the agents.

Can a real estate agent represent both parties?

“Agents can act as a dual agent. But you need to have the consent of both parties in writing beforehand, and the agent has to become a neutral party representing both clients,” says Mikel DeFrancesco, a top-ranked broker who’s sold over 74% more properties in Quincy, Massachusetts than the average agent.

Can realtor disclose other offers?

Real estate agents cannot by law share your offer with other buyers, but no law prevents the seller from sharing it. … Monty’s Answer: Real estate agents are not allowed by law to share your offer with other buyers or any other details of your proposal with anyone except the seller.

What is the difference between a realtor and a buyer’s agent?

In an ideal real estate world, the sellers hire a listing agent to help them market and sell their home. A potential buyer enlists their own separate Realtor, known as a buyer’s agent, to assist them with finding a home.