The Buyer's Real Estate Agent -- Why You Need One

Who needs a real estate agent? Thanks to the internet, there are many resources available to help both buyers and sellers of real estate. Buyers have access to every Multiple Listing Service (MLS ©) property listed in the country at Realtor.com. or Zillow. This information used to be available only at your local real estate office but is now available at your fingertips. There are thousands of articles on every subject to make any buyer feel like an expert.

Since this is the case, do we even need the services of a real estate agent anymore when buying a home? Absolutely. Though the information available helps both the buyer and seller to be more savvy and knowledgeable -- not a bad thing at all -- the only real expert is your experienced and licensed real estate agent.

Century 21 Coast to Coast,            Clearwater Beach, FL 34698
Century 21 Coast to Coast, Clearwater Beach, FL 34698

Invaluable Service -- And FREE?

One very simple thing that, unbelievably, many buyers do not know is that the services of a Realtor are usually free to the buyer. The seller normally pays the brokerage fees in a real estate transaction. Why pass up free service?

Some buyers are under the mistaken notion that bypassing the buyer's agent will lower the price of the property. That is rarely the case. If the seller has retained a real estate agent to sell his house, the seller has previously signed a listing agreement with the agent's firm. The listing agreement specifically states the compensation (usually as a percentage) that he agrees to pay for the sale of his home. The only difference that a buyer’s agent makes in the compensation is that the seller’s agent and real estate office have to share the commission fee with the buyer’s agent. That amount is also already set (as a percentage of the sale's price) and listed in the MLS when the listing is published.

Even when the seller tries to sell his property without an agent, many times they will offer to “work” with the buyer’s agent. The buyer’s agent negotiates this directly with the seller, usually before the property is shown to the buyer. While the buyer may think that the seller who chooses to sell his home without an agent will give him a major discount for bypassing the agent, he has a reason for doing it: to keep the money in his own pocket, not the buyer‘s. Having an agent involved rarely affects the bottom line for the buyer.

Photo by Laudu
Photo by Laudu

As A Buyer, Do You Know How to Protect Yourself?

A buyer's agent can save a buyer many headaches, even if the buyer has already found the house of his dreams before contacting an agent. The first benefit is that the agent looks at the home dispassionately. Most experienced agents usually have a good eye for looking beyond staging. Staging is big with listing agents for a reason. Shiny new furniture and other decor updates a dated property and draws the eye away from flaws and cosmetic issues.

A purchase offer becomes the contract after it is accepted and signed by the both the seller and buyer. What type of purchase offer, or contract, is available for the transaction? In a for sale by owner transaction, often called a FSBO, this contract might be a generic one, obtained from the internet or library. Even worse, it might have been drawn up by the seller’s own attorney. In any of these cases, the contract might lean heavily on protection for the seller with no thought to the buyer.

When a state licensed real estate agent enters the picture, most likely the purchase offer will be a standard form to the state Realtor © association where the transaction takes place. The best thing about this form is that it has already been used repeatedly and the standard terms and clauses have been tested more than once in mediation and arbitration or in a court of law.

A good buyer’s agent protects his client by making sure that all possible angles are covered on the purchase offer. Some issues, or contingencies, that could affect the buyer’s interest in the purchase are closing costs and who pays them, financing, home inspection and repair, and other special circumstances that make the transaction unique.

There are too many contingencies to list them all, but the proper handling of any deposits, also called escrow or earnest money, is enough to make the agent indispensable to the buyer. Every state in the union has specific laws on how this earnest money, also called escrow, is to be held, but usually only in the case of a licensed agent handling the transaction. The laws also include specifics on how long it can be held before deposit, type of account and interest earned and how disputes are handled (unless otherwise stated in the purchase offer) if an agent is handling the transaction. In the case of a buyer and seller both working without a Realtor ©, the only protection is the wording in the purchase offer.

Keeping Negotiations On Track


The buyer's agent also ensures that the buyer's purchase offer is in line with current home sales in the area -- or lower. Instead of dealing directly with the seller, the buyer can step back and allow an experienced negotiator to deal with the seller or seller’s agent.

Negotiation is about much more than price. It is also about the contingencies that affect the buyer’s ability to withdraw from the contract under certain circumstances --, such as major termite infestation, repairs or mortgage terms -- and retain the rights to his deposits.

The seller of a property often has emotional attachments to his home. It is easy for the emotional attachments of the seller to affect the negotiation process. There are many cases of sellers refusing to sell just because they didn't like the buyers and didn't want them living in their house. "Low ball" offers and qualifying them by disparaging the home directly with the seller can make him emotional enough to just say no. The agent -- or agents -- act as intermediaries, keeping the negotiations on track.

Source

Executing the Contract

During the execution of the contract -- the period of time between the acceptance and the closing -- the Realtor’s © expert service helps the buyer in many other ways. A contract is full of deadlines which must be met in order to ensure the closing of the contract. A deadline which is not met by the buyer could possibly result in the cancellation of the contract, which could also mean forfeiture of the earnest money deposit.

The real estate agent attends the home inspection, making sure that the inspector has covered all the major areas which might need repairs. The agent will try to negotiate repairs or monetary credit when necessary, and even assist in obtaining repair estimates when necessary. When requesting repairs, the agent then makes a formal request, in writing, to the seller, or seller's agent, for repairs, based on the terms of the contract. Occasionally, during the inspection period, a contract has to be renegotiated due to undisclosed or newly discovered problems, or the seller's refusal to make agreed upon repairs.

The Realtor © also arranges, or coordinates, the property survey and deals with the title company, also known as the closing agency, on behalf of the buyer. The agent speaks often with the lender, ensuring that the loan is moving forward and dealing with financial issues as they crop up, ensuring that the closing takes place in a timely manner.

There are many other areas in which the real estate agent’s knowledge and expertise is vital. He or she is aware of the laws in place that protect both the buyer and the seller. The agent assists the buyer with obtaining condo documents, association budgets and property disclosures. She helps the buyer to better understand them and how they affect the buyer’s decision to purchase. Fortunately, with the buyer’s agent having used the standard forms available to Realtors ©, all of this is covered in the contract.

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Renegotiations and Last Minute Changes to the Contract

Many times, special circumstances present themselves after the purchase offer has been accepted and the contract is in place. Often, due to these special circumstances like low property appraisals, the contract terms must be renegotiated or cancelled. There are too many problems that can arise to list, but an experienced agent can usually negotiate these new issues while retaining some protection for the buyer.

A real estate contract has a specific beginning and ending date. Even during the heyday of easy loan approvals to what now seems like almost anyone, the lending approval process could slow or stop the execution of the contract. No matter how diligent the buyer or the agent is, many loan approvals stall and the loans are just not ready to close by the closing date stated on the contract. Without proper protections and renegotiation, the buyer is considered out of contract and he could potentially lose both the property and his deposit, even for just a 24 hour delay. These are all issues that the experienced agent knows that even the most savvy buyer might not think of.

Photo by Rochelle
Photo by Rochelle

The Agent At Closing

Normally just before the closing, the real estate agent attends a “walk-through” with the buyer. This is a pre-closing inspection of the premises to ensure that the property is in the same condition as at the time of the purchase offer. Buyers have gone to these walk-throughs only to find that the refrigerator is missing (or a different one in place) or the home was left in major disarray. These types of issues, without the services of an agent, might derail the sale at the last minute. The agent is going to remain calm, knowing that, at this stage, most problems are solvable, and attempt more last minute negotiations with the seller.

A good agent attends the closing to do more than pick up his commission check. Many deals have fallen apart at the closing table when last minute issues rear their ugly heads. Often tempers are high and the buyers and sellers need the clear head and calm expertise of the agent to get things back on track. If this cannot be accomplished, the agent then works on the buyer’s behalf to ensure that any escrow, or deposit money, that the buyer is entitled to is returned in a timely manner. Often, the agent can accomplish this in negotiations which exclude the courts or mediation service.

As we can see, finding a home which the buyer wants to purchase is the least bit of a Realtor’s © job. Even for experienced buyers, a real estate agent is invaluable due to the unique aspects of each and every sale. Using all of the resources available to her, a real estate buyer's agent will guide the buyer through the process and eliminate much of the headaches and heartaches that other buyers face who go it alone. Be a savvy buyer; call a local real estate agent today.

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Comments 36 comments

Jen's Solitude profile image

Jen's Solitude 7 years ago from Delaware

Well Connie, an agent sure does a lot more than I ever realized and wears many hats. It would be too many in my case, but I can see how you could pull it off and make it appear flawless and simple. Feeling an agent is in my court would be really important to me, I'm glad to read it should be expected from both the buyer and seller, if they have an agent. Thanks for a very educational hub. Its nice to have a better understanding of the real estate jargon, like what money held in escrow means. I also was surprised to read of all the walk-throughs that should take place before the sale is final.

Jen


Connie Smith profile image

Connie Smith 7 years ago from Tampa Bay, Florida Author

I had to laugh. I re-read my work and I had the walk-through part in twice. It is now gone and only one walkthrough is necessary before the closing. I do try to edit, but I was in too big a hurry to publish it before I had to leave this afternoon. I think it is a pretty accurate of the steps the agent goes through in order to get to the closing. If anything, I left some out.


Jen's Solitude profile image

Jen's Solitude 7 years ago from Delaware

Well I knew you would fix that, but I meant from the first time the house is shown, then through any inspection repairs and finally the closing. Seems as though 3 walk-throughs might be necessary?


Connie Smith profile image

Connie Smith 7 years ago from Tampa Bay, Florida Author

These things are all just a matter of definition, though I guess you can call them walkthroughs. The first visit is called a "showing." The inspection is just called that. Some buyers are really excited and want to see it more than others do, so a buyer could really go more than two or three times, to do things like measure or take pictures. Some buyers, like some of our out of town buyers we get in Florida, only see it once, go back and the agent does the rest. The buyer doesn't even attend the closing. Every sale is different and the procedures are based on the circumstances that are unique to that sale. Thanks for stopping back, my friend.


jdouglas17 profile image

jdouglas17 7 years ago

Very well said Connie. As a real estate agent I find the post to be very Insightful. A realtor is your eyes,ears and everything else throughout the entire transaction http://www.facebook.com/home.php#/pages/Juliett-Douglas-Central-Forida-Real-Estate-Specialist-C21-Pro-Group-Inc/112986846357?ref=nf


Connie Smith profile image

Connie Smith 7 years ago from Tampa Bay, Florida Author

Thank you, Juliett, and I do not mind that you have given yourself a plug here ;) Florida real estate agents need all the help they can get right now, plus you are not located in my area, lol.


Jessica Horn profile image

Jessica Horn 7 years ago

It's amazing how many people think they're saving money by bypassing the buyer agent & calling the seller's agent instead. More often than not, though, they're costing themselves in representation, purchase price, and potential lawsuits.

Thanks for spelling it out so clearly!


Connie Smith profile image

Connie Smith 7 years ago from Tampa Bay, Florida Author

Thanks, Jessica. My own sister learned that lesson the hard way when she bought her first house. She found out (after the closing) that the seller's agent was working for the seller, not as a transaction broker for the deal. In Florida, if the seller's agent "represents" both parties in the transaction, she or he becomes a "transaction broker."

Single agents have the following duties to the seller or buyer:

1. Dealing honestly and fairly;

2. Loyalty;

3. Confidentiality;

4. Obedience;

5. Full disclosure;

6. Accounting for all funds;

7. Skill, care, and diligence in the transaction;

8. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing; and

9. Disclosing all known facts that materially affect the value of residential real property and are not readily observable.

Transaction brokers have the following duties to each party of the contract:

1. Dealing honestly and fairly;

2. Accounting for all funds;

3. Using skill, care, and diligence in the transaction;

4. Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer;

5. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing;

6. Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and

7. Any additional duties that are entered into by this or by separate written agreement.


syntegralconsult profile image

syntegralconsult 6 years ago from Port of Spain, Trinidad and Tobago

Excellent hub !! Wonder if anyone here has generic idea about how real estate agent valuation is done?

We'd then customize it and put it at our hub - http://hubpages.com/living/trinidadandtobagoreales...


Kenya L. profile image

Kenya L. 6 years ago from US

Great hub Connie. Before I became an agent I had to think back to when I purchased my first home and wanted to do everything myself. After all, I am buying a new home and really believed this couldn't be that hard - the agent is on site and he / she will take care of everything. I didn't realize the agent was working only for the builder and had little interest my needs. Although the home was new, there were issues with the home after I moved in. A good buyer's agent would have recommended that I get a home inspection which would have detected some items that I overlooked in my walkthroughs. Also, after I became a realtor and researched area sales, etc... I would have never purchased in that neighborhood although my community is new. This is the main reason I became an agent - to educate buyers and help them make a wise decision when they purchase their home. It can be an expensive lesson NOT using a buyer's agent and can easily lead to long term buyer's remorse.


chbartel profile image

chbartel 6 years ago from Indianapolis, IN

something a lot of buyers don't realize is the need for a great buyers agent. Good information here.


StPeteBeachRealtor 6 years ago

Great post Connie! It is nice to see a true professional! It is realtors like you that give credibility to our sometimes questioned profession. Thanks again and happy selling!


Connie Smith profile image

Connie Smith 6 years ago from Tampa Bay, Florida Author

Thank you, Allison. I appreciate the comments.


Florida Property 6 years ago

Great post, very interesting concept. You make a good point that all the factors need to come into play. Selecting a good property agent is most important for property management who helps you throughout the buying process and beyond to completion.

Florida Property


Austinguy 6 years ago

Some buyers in Texas rely on county data and sites like Zillow and they bypass a buyer's agent. Not smart - Texas is a non-disclosure state and only an agent licensed with a local board can get accurate information to help someone make a good offer.


Connie Smith profile image

Connie Smith 6 years ago from Tampa Bay, Florida Author

Thanks for commenting. Though I retain my license, I stepped aside for some time to allow others the few opportunities that were out there. When I was active, though I occasionally listed, I was an excellent buyer's agent and really fought for my clients. It can get comical when two agents are at odds over client issues.

I truly believe that a buyer needs an agent to help them. Also, very truly, the service is already negotiated into the listing so that the seller pays. This happens long before the buyer's agent and buyer comes along. Why pass up free service as a buyer? In Florida, believe me, even though the seller is paying, the buyer's agent owes his loyalty to THE BUYER.


PremierOhioHomes profile image

PremierOhioHomes 6 years ago from Pickerington Ohio

Great information. I still can't figure out why a buyer wouldn't use an agent to represent them. During the last push for the 8K Tax Credit there were some agents that didn't have time to do their job as a Buyers Agent and I was lucky enough to be there to jump in (man I really hope the do another tax credit). I missed out for the most part on the tax credit because my wife and I just had our first baby in Mid March, so I had to put my real estate on hold to focus on being a daddy. I lucked out because now I am teamed up with two other Realtors forming the team http://www.PremierOhioHomes.com and my role is Marketing Listings, Internet Marketing, Lead Generation, which I can do from home.


Connie Smith profile image

Connie Smith 6 years ago from Tampa Bay, Florida Author

Good luck with your team...I do hope you enjoyed the article and the comment just wasn't for the plug :) Real estate is a hard business, much harder than people think. It is also a very expensive business to run at close to $3.00 a gallon of gas, just or starters. Who does hours and hours of work, spending all kinds of money, time and effort knowing all the while that you might not get paid? Realtors do it all the time, because they only get paid when the sale closes. I had a sale go to the very last day, then the buyer backed out (who was using their own sister-in-law as the mortgage lender agent!) because their interest rate was too high....It takes all kinds and a good agent learns never to count the money until they are walking away from, not to, the closing table.


Realestate Developer 6 years ago

These days internet is also providing variety of resources in order to help potential buyers and sellers and this service is absolutely free. Moreover there are many real estate agents or dealers who are having clear idea about the properties and helped many people to get luxurious apartments at an affordable price. Those who are interested to know about real estate agents can visit this site or can call on 0120-4338222 or 800-232-2343.


gr82bme profile image

gr82bme 6 years ago from USA

Great job. I am an agent. You did a wonderful job here letting people relise how much an agent really does for them. Hats off to you!


Connie Smith profile image

Connie Smith 6 years ago from Tampa Bay, Florida Author

Thanks, gr8! As I said in an earlier comment, I am not currently working, though I retain my license and my office. If someone approached me, I might take on a client, but am not actively seeking them. I love being a real estate agent and when I got into the business, I felt that all my life and work experience was meant to lead me to this business. I will definitely be selling in the future again, as I know I am very good at it.

A buyer's agent really has a lot of work to do. With this article, I did want to let the buyer know what is happening behind the scenes on their behalf. A good agent really takes care of so many problems on the behalf of the client to ensure a smooth buying process. The rules have changed in this crazy market. Even being an agent, if I was buying in another state, the first thing I would do is get a buyer's agent who was familiar with the ins and outs of that local market. There are too many new rules and problems that have cropped up, like the conveyance of clear titles on foreclosed homes. Buyers need experienced agents (or agents with the resources of good brokers) to navigate them through the process. Thanks for the compliment on the article. I certainly appreciate it


Ghost Producer 5 years ago

Buyers agent's are cool... I've never needed one personally I flip 1-2 homes a month pocketing $5-7k (on average)

Most of the sellers I have purchased homes from favor my 1-2 page contract over an agents contract.. I must admit I do too. I suggest you get an attorney that is a real estate investor (that's what's worked best for me)

Obviously they seller is going to want a contract to be pro seller and the buyer is going to want something that is pro buyer. You just have make something that works for both..

Maybe I should try a good buyers agent? Most agents I've spoke with do fit my needs and are too stuck on stupid to work creatively with terms. As soon as I tell them what I'm looking for they're like " Oh there isn't much money in that why not go more upscale?" they are thinking COMMISSION and I'm looking for something I can rent/flip fast


Connie Smith profile image

Connie Smith 5 years ago from Tampa Bay, Florida Author

As an agent, I never cared what the price range was. I worked just as hard finding a place for someone under $100,000 as way over it. There are no guarantees for the agent about whether the buyer will ever buy, but I wouldn't want to show property to anyone who thinks I'm stupid....those folks usually end up going it alone anyway and none of us can afford to spend time and money driving around someone who has no intention of buying through us.

I'm not really sure why the word COMMISSION seems to be such a dirty word to so many people. Another word for it is PAYCHECK and who, besides real estate agents, ever work for free? If I drive you around for 6 months looking for the perfect house and you never buy, you owe me nothing, yet I have spend hours both at the office searching through listings and out on the road with you.

Having a buyer's agent is not for everyone. While I always educate my buyers, I do not want a buyer who knows (or thinks they know) more than me. An agent is supposed to be an expert in the local housing market and that is what you are getting. If you are an expert yourself, why bother?


Ghost Producer 5 years ago

Connie,

You make a great point! Here is the thing most serious buyers (well investors) wont ask to be driven around looking at homes. Me personally I'd ask for a list of homes that fit my criteria... Then I'll go check it out myself to see if its a good area if you backs up into anything funky... Once I'm done with that then and only then will I ask the agent for a walk through or the lock box code because I understand an agents time is valuable.

Paycheck/Commission its how people eat I have no issue with them. I don't expect an agent to do anything for free but at the same time if im telling an agent "Hey I want 3/2s in this small subdivision" please don't try to sell me on something else that's all im saying sure i understand they are going to make more on a 300k home than 100k home but im looking for 100k homes.

Agents see deals before I do so networking with agents allows me to know about these deals before they hit the MLS. It also allows me to cover more ground. That's just working smarter not harder in my opinion

Most agents in my area don't know markets as well as they think they do. I found this out when a few from Keller Williams said "oh yea its a great area really nice deal" and i said really? well if its such a great deal why didn't you just buy it and flip it?.....

Now another reason for an expert to use an investor and this is mostly with REO's... some listing agents wont work with you unless you are working with an agent its like some cult thing why I don't know...

Anyway Since my last post I've found a really Broker to work with. He is an investor himself so he knows exactly what it is im trying to do.

I deal with buyers who think they are smarter than me all the time and truth is most understand the markets a little better than me in areas I don't farm but a good deal is a good deal and they wont argue that.

Love this hub by the way

Where City are you in? If you don't mind me asking


Title Junction profile image

Title Junction 5 years ago

Thanks for the detailed information. The world of real estate transactions can be so confusing, more than ever for a first time home buyer. There's no need for anyone to go at it alone, especially when you consider that the seller pays all the fees associated with the realtor.


Connie Smith profile image

Connie Smith 5 years ago from Tampa Bay, Florida Author

With the advent of the internet, everyone is an expert. I don't have a problem with that. There is nothing wrong -- and everything right -- about doing your homework on what may be the biggest purchase you ever make. Do your homework and then, call a Realtor. No matter how much you have educated yourself, your Realtor has resources and knowledge that you most likely do not. Take advantage of this valuable free service.


Ghost Producer 5 years ago

Connie,

You make really great points. I personally would never have an agent ride me around showing me places. I more so would contact one to get me on the inside once I've narrowed down the properties I've considered pursuing.

I feel experts should always work with other experts that's less work you have to do. Sure you're going to split your payday. It's easier for me to land more deals Just a lot easier when you have a team

I've finally found a good broker (Since last post) to work with... so far its going great. He understands my business structure and what I'm trying to do. Every day he sends me listings directly to my email fitting the criteria I need and has brought 2 deals to my attention and i was able to jump on them before they were put back on the MLS. We've worked out a nice little deal I give him all my short sale leads and collect a marketing fee once he closes them


Connie Smith profile image

Connie Smith 5 years ago from Tampa Bay, Florida Author

I'm in the Clearwater area. I didn't see that you asked that question before, sorry. This hub was not really written for real estate professionals. It was meant to educate people a bit on how buyer agency works, the costs involved and what is involved in the closing process. In other words, it is about why the average person needs a buyer's agent. Buyer's agents are not for everyone, but they are great for that out of town buyer, busy people, people who want professional advice throughout the transaction and those who do not have the professional resources available to agents and others in the business.(Real estate agents are NOT lawyers and anyone needing legal advice should consult an attorney).


UtahHomesToGo.com 5 years ago

Great job and a very well written piece!


freebuyersagent profile image

freebuyersagent 5 years ago from Australia

Hi Connie,

Fantastic article and great responses in general. You do make valid points as to the importance of skilled representation. You are right in that it is not mandatory to use an agent whether buying or selling, but it certainly makes sense to do so. Especially if it is their single most largest financial commitment. I am establishing this service as a Free Buyers Agent in Brisbane as an alternative service for buyers in this situation.

http://www.freepropertybuyersagent.com


Connie Smith profile image

Connie Smith 5 years ago from Tampa Bay, Florida Author

Thanks for the compliments. I see you are in Australia. I am in Florida, USA, and people do need to be aware that laws and business practices can vary greatly not only from country to country, but from state to state. For both buyers and sellers, it is great to go armed with knowledge, but go to a local professional in the area where you intend to buy or sell for the specifics to your own locale.


Jo 4 years ago

We have a real estate agent and we have looked at some houses but she has not put in more then 15 hours of helping us. I have done all the work of looking at houses. She has set up the times to look at houses. We found a house of a friend and he is willing to sell it to us. It is not on the market and is not listed. So we want to just buy it from him without having to list it. But now we have to tell our agent that we are going to buy wuthout an agent. How do we do this? Is this a horrible thing to do? I feel bad about doing this, but it is just how the cards laid out. please give me some advice on how to proceed with this?


Connie Smith profile image

Connie Smith 4 years ago from Tampa Bay, Florida Author

Jo, this happens all the time. Unless you have a contract with her and it doesn't sound like you do, then you are free to move on. There are many reasons to use an agent even with a "for sale by owner" from a friend, but these are listed above. If you feel confident in arranging everything on your own, from the contract to the escrow and all between, just let her know. This has happened to all of us and there should not be any hard feelings. Again, real estate is one of the few businesses where someone works without guarantee of getting a paycheck. If you feel really bad, get her a gift certificate to Chili's or something. That would be a nice thoughtful gesture, but it is not expected.


Jo 4 years ago

Thank you,

We do feel bad and were going to offer her some compensation for the work she did do. But were unsure what to offer her. Do you have suggestions on this. We also thought about a gift card as well and may still do that but again unsure of the amount that would be satisfactory.


Connie Smith profile image

Connie Smith 4 years ago from Tampa Bay, Florida Author

Since you owe her nothing, anything would be a nice gesture. A $25 gift card would be appropriate and more than most people do. Again, this is not an unusual situation and unless she is really new, has to be used to it by now. It is part of the deal. So many people complain about the commission that an agent makes which is one reason I originally wrote this article. There is a lot to it when it works and when it doesn't, there is no check. If the agent never got a good check, no one could afford to work in the business.

In Florida, and I am sure it is probably the same elsewhere, an agent is not allowed to accept compensation for real estate services without going through the broker. Anything other than a small token of your appreciation as a thank you could get the agent in trouble, which I know you do not want to happen.


Kevin Vitali profile image

Kevin Vitali 2 years ago from Tewksbury Massachusetts

It's amazing how many buyers run around from listing agent to listing agent, thinking they may get some inside scoop or a better deal. of course the listing agent is nice and friendly they want to sell their listing.

Over the course of the years I have been in this business, it is amazing to see home buyers who overpay or get themselves in trouble because they don't have an agent representing them.

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