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Real Estate: Buyer's Brokers
From:
The Washington Post
| Date:
August 27, 1997| Author:
| Copyright 1997 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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Dear Consummate Consumer:
I want to buy a house and some real estate brokers tell me I
should contract with them as a "buyer's broker" in order to get the
best buy. So far I have resisted because I don't see the point. The
brokers argue that they can be more truthful in disclosing
information, including value, about a house if they act as a buyer's
broker.
In signing a buyer's broker contract I would be liable for
half the commission. Since the commission comes out of the sale and
is paid by the seller, what incentive does the broker have to be
honest with me? And why should I limit ...
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