One Reason You Should Always Use a Buyer's Agent to Buy Your Home
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
One Reason You Should Always Use a Buyer's Agent A SHORT RECAP OF THE DOJ RULINGThe big change in real estate commissions affects how much the seller pays and the agent representing the buyer earns. In the past, the seller paid a sum that was split between the listing and buyer's brokerages. The new rules stipulate that the seller is not required to pay the buyer's agent but can choose to.With this new ruling, sellers may decide not to pay the buyer's agent or could pay a smaller amount. Buyers have been told for years that using a buyer's agent is "free" to them. The dynamic is different now so buyers and their agents should discuss this before viewing homes.Some buyers will decide to buy a home unrepresented or resort to working directly with the listing agent (in states where dual-ag...
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