In the traditional way of selling houses, both the agent who lists a house and the one who brings a buyer to the table are legally working for the seller. Confusion often arises because many buyers believe that the agent who shows them houses works on their behalf. In fact, subagents of the listing broker—often they are agents who work for another office—also act on behalf of the seller.
Both agents are required to get the seller the highest possible price. Even if "your" agent learns that the seller is willing to cut the price or pay some of the closing costs, you may be kept in the dark. At the same time, information you give to "your" agent, such as how much you really can afford and how soon you need to buy, must be reported back to the sellers, giving them a negotiating advantage.
In this system, the deck is stacked against the buyer. Back to main page for Key West Buyers Agents |