October 6, 2008
Buyers agents are enjoying a resurgence in Australia’s residential property market. Here’s a quick reminder for the terminally naive: normally a real estate agent works for a the seller not the buyer. His job is to sell the property, preferably at the highest price possible. An agent working for the buyer, in contrast, works only for the buyer and is of course therefore paid by the buyer. Depending on the contract you may even end up paying the agent even if you don’t buy a property that the agent has introduced you to. So you need to be sure that property choices he’s presenting you with are the best possible choices in the market.
