Reply to I think my buyers agent hustled me and did not act in my best interest.

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[quote=Anonymous]Before the age of Internet real-estate, Buyers' Agents provided a true value-add service in getting to know their clients, knowing the MLS listed properties in their region, and finding potential matches.

With the Internet, a Buyer's Agent simply automates this process.  They don't have to really get to know their clients as well, or put anywhere near as much effort into finding suitable matches.  This labor has been shifted to the client.

What does the Buyer's Agent do then?  They meet you at the property to let you in, and they handle the paperwork.  They have relationships with title companies, mortgage lenders, and inspectors that you can leverage if you're willing to risk they are not in cahoots together, or you can find your own.  Since everything is subjective in real estate, they can and will say whatever they want to convince their client that things are NBDs.

I've been burned by a Buyer's Agent as well.  I was in a hurry and used their inspector.  He didn't do a thorough inspection and missed big ticket items, including a broken/leaking roof, foundation damage, and more.  I always get my own inspectors now.

Real estate is the closest thing we have nowadays to an enforced mafia.  They still take 5 or 6% of the transaction like the old days when they provided real value, but don't put anywhere near the amount of work in anymore.  When their costs and labor go down, you'd expect to see that reflected in lower commissions, but nope -- their lobby is exceptionally strong and hasn't let that happened.  Look no further than how they reacted against discount online brokers like redfin to see that. [/quote]

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