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Do I have to go with the real estate agent the lender has picked out for me?

It's my first time buying a home, so I know little on what to look for and what to do other than the articles I've read on here.  My husband seems to think we can just go to the real estate agent who's selling the house and tell them we would like to make an offer that we won't need to have an agent at all.
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April 07 2013 - Easton Heights
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Answers (30)

Choosing the Real Estate broker to represent you is your decision. Many people thoroughly research agents and interview several to find the one that they are most comfortable with. Agents that come recommended from people they trust and respect is one way. Zillow is also a valuable resource in identifing agents who work in the area that you are interested in. The reviews that are posted can give you an idea of what clients are saying about their experience with the Real Estate broker who represented them.
I am sure that there are many qualified agents in your area to help you, enjoy the process and happy house hunting!
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May 21 2013

If you hire a realtor to represent you, you will be expected to sign a document stating that you will work exclusively with he or she.
Most realtors do not charge for this service but there are some who do.
I personally meet with my first time home buyers and go over the entire process and answer any questions that they may have. I "hold their hand" through till the closing table. I have been in real estate for several years and take very good care of my clients. I most cases the listing realtor will work as a transaction broker in which case he or she will treat all parties fairly. They are kind of a middleman and see both sides to the closing.
I wish you well in your first purchase and would love to visit with you.

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May 15 2013
In my opinion you should talk to a couple of agents as well as lenders.  They are applying for a job to work for you.  So find someone you can trust with such a large purchase and your personal information.  Good Luck!!
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April 25 2013
You should NOT go with the Seller's agent, you need to hire an agent who is looking out for your best interest as a buyer, and that is NOT the Seller's agent.  
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April 10 2013
The agent who's selling the house (the listing agent) represents the Seller, not you. They can facilitate the transaction, but you won't get the kind of representation you'd get with your own Buyer's agent. Your lender has probably done multiple transactions with the agent they're recommending, so that's a good place to start. But you can go with any agent you choose and feel comfortable with. Best of luck with your home search!
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April 10 2013
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I would strongly think twice about using the same real estate agent who is selling the house.  We just did that and I feel that she was very one sided.  We did close on the property but confidentiality isn't a priority in that situation.  The agent will get both the buyer and seller commission.  I felt like she was so eager to get us to buy and may not have had our best interest at heart.  Good luck. 
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April 10 2013
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Ok thanks for all the answers.  I definitely now feel a little more confident in finding the right buyers agent.  I've got mixed answers between yes go with the agent by the lender because they would know what to look for to find one that I'm comfortable with and work with and doing interview them and ask a lot of questions.  I appreciate all the responses. 
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April 10 2013
The best place to start is to hire an Exclusive Buyer Agent to represent you. EBAs represent home buyers only, and work to get you the best price and most favorable terms.  You can go to NAEBA.org for a referral to an EBA in your area.

There is a book [Self promotion deleted by Zillow moderator. Please see our Good Neighbor Policy for more information.].

Best of luck!
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April 10 2013
Hello! I believe it is very important for you to have an agent zealously representing your interests. But how should you select one? I would research local agents and choose one that is very knowledgeable in the specific neighborhood(s) that you wish to live in. Why? For example, in many of the older suburbs in my area, homes are going into contract in a week or less, and it is more of a seller's market; but in the newer developments it is still a buyers market. If your agent is aware of the conditions of the specific market, he/she will be able to negotiate very effectively on your behalf. Good luck with your search!
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April 09 2013
No, but, you should have a buyers agent though. You need an agent that has your best interest in mind. Remember the seller hired the listing agent. Take care and good luck!
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April 09 2013
Isn't Zillow great?  Allowing you to ask your questions and for you to get so many qualified people to reply?  Where else do you find this kind of service?  Speaking of service ... that's the important thing for the realtor to do for you.  They are serving you.  You're the buyer!  It's a FREE service for you because the seller is the one who generally pays all the realtor fees.  Good luck finding your first home.  I'm excited for you!!  Owning a home is owning a piece of America!!!  Congratulations!
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April 09 2013
The lender is most likely recommending someone they have worked with in the past and knows they will do a good job.  If you go with the listing agent to write the offer, there are certain guidelines that need to be followed by the agent.  They can choose to represent both you and the seller as a limited agent, or they may choose to just represent the seller.  If you are going to look at multiple homes, why not hire a buyer's agent to help you with some of the the leg work.  After all that is their job and they will know the local market trends better than you.
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April 09 2013
It is always in your best interest to have an agent representing you the buyer.  Interview a few realtors or ask around with some friends and family.

Happy House Hunting!!
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April 09 2013

Get your own agent to represent you. Dual agency can pose conflict of interest.

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April 09 2013
You can go with the lenders recomendation or pick your own agent to represent you.  Work with agent that your are comfortable with, you can also read the agents past clients reviews on zillow in  your area, to help you  select the right agent. Keep in mind the agent that works for the seller represents the sellers best interest.

Good luck!
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April 09 2013
No, you don't have to accept the lender's recommendation. You should, however, have a buyers agent to work for you and look out for your best interest. You might just want to meet with the recommended agent, and based on that meeting, decide to accept the recommendation or not.  
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April 09 2013
You have the right to work with any Real Estate agent that you choose.  A lender may make recommendations, but not necessary to work with his recommendation.  I suggest you interview a few agents until you feel comfortable with one enough to have them represent you throughout the transaction as a Buyer Broker.   As your agent you will be guided through the process through education and counsel. In this client level relationship the agent  will be able to help you with price, terms and negotiations when it comes to writing an offer.  Good Luck and Happy house hunting!
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April 09 2013
ABSOLUTELY NOT!

Another reason why buyers should be pre-approved at the very beginning of the buying process.

Good luck,

Bill
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April 09 2013
When you work with an agent, they are working for you.  So imagine if you were a boss of a company and wanted to hire someone to work for you.  You should take into consideration referrals, but it's super important to interview several potential candidates.  find someone who has a good track record and someone you feel comfortable with.  Good luck!
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April 08 2013
No, you do not have to go with the real estate agent a lender has picked out for you. But keep in mind, that lenders speak with many real estate agents daily. They usually know the best agents in the area. 
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April 08 2013
Hello,
No you do not have to use the referred Agent, the lender wants to be sure that the Agent you pick will represent you well and take care of you.
It is not a good idea to use the listing agent since the listing agent represent the seller, you need an agent to represent you and look up for your best interest.  You would like to work with an agent from the area where you are looking into purchasing a home. You want an agent that is familiar to the area.
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April 08 2013
No, you are under no obligation to work with the agent your lender has recommended. However, if you are comfortable with your lender and believe that he or she has been giving you good and honest advice in regards to other matters, there's no reason not to work with the recommended agent.

 As far as your husband's idea to simply contact the agent listing the home, I would advise you not to do that. I strongly suggest having your own agent. The sellers' agent is exactly that -- the sellers' agent. Contractually, his job is to represent the sellers and act on behalf of their best interests. You want to have someone that is specifically there to advise and act on your behalf. When one agent represents both sides of the transaction, this is called dual agency. It is illegal in some states, and discouraged in many states where it is allowed.
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April 08 2013
You do not have to use the referred agent from your lender. But keep in mind there is probably a reason the lender referred that agent to you. Lenders work with many agents at  a time. If they chose an agent out of all of them and referred you to them must mean they know what they are doing. You can always test drive your agent just do not sign an agreement with them and have them take you out to see a few house and ask a lot of questions to see if they are the best agent for you. Good luck. 
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April 08 2013
You do not have to use the lender's preferred Realtor, but that Realtor handles their business right if the lender is referring them.  
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April 08 2013
Seek your own representation. Agent or attorney.
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April 08 2013
the best advice I would give is to go with an agent you trust and are comfortable with.  Yes you can go with the listing agent of the home you like, however do you think that agent will be looking out for you.  Will they be going the extra mile to negotiate you the best deal possible.
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April 08 2013
And that will serve you how, fb18x?

Personally, I think that if I don't know an expert in a particular field, I'm willing to take a recommendation from someone I trust. If you think your lender is a straight-up sort, then why not take their recommendation?
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April 07 2013
I have worked with many first time home buyers and would be more than happy to walk you through the entire process. Please feel free to view my reviews here on Zillow. Whether you are selling or buying a home you need your own agent looking out for your needs.  My services cost you nothing because I am paid form the commission the seller pays but I will be working for you! I look forward to hearing from you and helping you find the perfect home.
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April 07 2013
Agree with the above...it's best to have your own agent who will do a good job of representing YOU.   It doesn't cost you a thing to have a buyer's agent looking out for you, so why not?  
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April 07 2013
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No, you don't have to use the agent the lender suggested and using the agent selling the house is not a good idea either (because the agent was chosen by the seller means the agent is representing the seller)

To find a great buyer's agent to really cover your needs, interview rigorously.   There are some great agents, some lousy agents and lots of average agents.   You owe it to yourselves to find the great agent.

Here's a link to a buyer's road map from Zillow
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April 07 2013
 
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