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Do buyers agents do the same amount of work as the sellers?

Does a buyers agent do an equal amount of work compared to the sellers agent? What does this mean in terms of payment?

Asked By Xavier | Scottsdale, AZ | 81 views | Buying | 2 months ago

Answer(1)

Semi-Pro

72 Answers

Julianne Clark / Your Lowcountry Realtor

Charter One Realty

(45)

Buyer and Seller representative have different responsibilities when it comes to real estate sales. Sellers agents tend to have more money involved in promoting a new listing with professional photography, drone, online and print advertising and other types of promotion, etc. Buyers agents tend to have much more time involved in the transaction. There is a lot of communication involved. Such as verifying with the Lender a Buyers purchase ability, setting up multiple home tours, showing the properties, providing feedback for every home viewed -- all before any contracts are written. Once the perfect home is found and a offer is written and submitted for the Buyer -- the negotiations begin. If this one is not accepted, the search continues. There is a lot of balancing and paperwork processing involved in making a home purchase (or sale) so that it remains smooth and problem free. Communication with lenders, attorneys/title company, other agents, inspectors and the Buyer and/or Seller, etc. Much of this behind the scene activities the consumer is unaware of. All agent compensation is negotiable -- although real estate brokerages are able to have a set minimum to be represented by their agents/company. Remember that not all agents are equal. Do your due diligence. Ask for recommendations from trusted friends or family. Interview before choosing. Sometimes you get what you pay for -- even in agent selection.