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Old 05-26-2008, 01:46 AM   #8 (permalink)
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AMLASpain
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Join Date: Jun 2007
Posts: 31
Default P.S.

"I think, that if a buyer knows where he/she want to buy then the best option is to find an estate agent in that area.
Most of them don't really have a clue so a MLS site is best for them.
Homefinder"

The option that best suits a buyer is to find an Agent willing to act on their behalf as a Buyers Agent. There are buyers agents available who work with listing agents in most areas.

This i think is one of the greatest benfits to buyers of Multiple Listing Agency. If the agent you hire ends up offering you a property on their own register this should be disclosed and the buyer will normally benefit from a reduction in the commission level.

In the US a listing agent will normally agree with the vendor that if they also bring the buyer and act in what is called a 'duel agency' capacity, that there will be a reduced agency commission.

This does raise another interesting point though which is the nature of the much used 'net' agency agreement whereby the agent agrees the net amount the vendor wishes to recieve before commission.

The fact that this type of agency agreement is actually illegal in the US due to the ease with which it can be abused says it all really.

A percentage of the gross proceeds leaves much less room for abuse and both sides can negotiate on a purchase price without worrying where the discount is coming from...the vendor or the agents commission.
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