The Real Estate Industry and Conflict of Interest

WhatInThe

Well-known Member
Do realtors always have your back?

https://www.forbes.com/sites/alyyal...ve-your-back-the-answer-isnt-always-so-clear/
Conflict of interest arise when both the buyer and seller are represented by the same firm. These companies like these 'in house' sales. Someone either the buyer or seller could wind up losing out to a company that just wants to make a sale. The seller could lose because their colleague wants to make a sale at a lower price. The buyer could lose if the seller won't budge on price and is advised by an agent from the seller's company. Also to push the sale through without a neutral party it's too easy for the company to rig the sale with corrupt contractors, inspectors and other companies/services associated with a formal real estate sale.
 

Both the buyer's and the seller's agents get paid on commission, and therefore have a vested interest in the property selling for the highest possible price.

I personally think RE agents are vastly overpaid, particularly in a heated market such as the one we're in now.
 

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