How does this work? In whose best interest is the realtor operating?
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Assume the realtor is always operating in their own best interest. |
Depends upon what state you are located but in MD the realtor would be working only for the seller but could do ministerial acts for you. You should always get your own agent in a state where the agent can only represent one party. It will also be the seller they are representing. |
Seller |
You should get your own agent.
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This. They aren't allowed to scam you, but their incentive and goal is to get a deal closed quickly with minimal effort. |
Not yours! Their goal is to get the house sold as fast as possible. |
Even buyer agents have the incentive to make a deal happen than not. They are not motivated to take you to every single house you want to see, their goal is to find the one house that fits your ask and negotiate to close the deal. |
We had this a few years ago, when it was a deep sellers market. So there was no haggling over repairing things because the inspection that never happened etc. Once we were under contract, it was just managing various closing deadlines. Not sure I would be OK with it these days though if you actually need your agent to negotiate anything for you. |