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"Our licensed profession was started because the real estate laws are complex so the majority of people do need an agent to help them." Even brokers are not allowed to give legal advice in most cases unless they are also attorneys. An agent is obligated in every juristiction I am aware to refer to a licensed attorney to address real estate law questions.I have studied law, been posting on Zillow for a long time, and have been in real estate my entire life. I really don't appreciate attacks from a broker for misreading my posts. I'm pretty sure you owe me an apology Pam.
Pamela: how tacky and unprofessional to make such a criticism of a post that is both succinct and accurate. If you feel like you can add to the discussion, do so - but not knowing anything about the buyer, my answer is completely accurate.
Many buyers and sellers are capable of representing themselves in a transaction; many can become so with studying easily-available information that they may find interesting. It is demeaning to both buyers and sellers to tell them in a blanket statement that they "need" a buyer agent if they..."want your best interests protected and want contracts properly executed (so you don't have a contract that's not enforceable or incomplete which could end up in a big mess for you) and you want the process and legal terminology thoroughly explained to you so you know exactly what you are getting into and if you want to buy for the best price possible."A good majority of buyers and sellers could accomplish this on their own and/or with an attorney - and without an agent if they so choose.Also, a buyer's agent isn't "free" in most cases and saying so is misleading. The buyer's agent commission comes out of the seller's side of the HUD in most instances - but I have yet to meet a seller who was not primarily concerned with net return on the sale. The buyer brings the cash to close and the seller decides if the money is enough to cover all of their expenses and whatever profit (if any) they desire. If there is not a buyer's agent involved, the selling office is often willing to negotiate down the original commission offer.Many clients who are or could easily become capable of handling a transaction on their own choose representation. These are the best sort of client. Agency should be a symbiotic relationship, not a patronizing one.
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