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Originally Posted by billwagnon
How does this work with realtors so I can find something feasible? Do I have to sign on with a realtor? I am interested in this kind of property (disclosure or distressed property) with the idea of staying in the school district, and selling after 4 years.
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I'm not positive how it works where you are, but up here, the buyer's agent (the realtor working for you in this case) gets paid by the seller. When somebody sells a house they negotiate a commission with their listing agent. That listing agent will then advertise the house to other realtors, promising a commission split if they bring a buyer (you).
Some buyers' agents will want you to sign something to make sure that you don't cut them out of the deal after they spend a bunch of time showing you properties.
Working with a buyer's agent is a very good idea for people that don't have the ability or desire to search out a home.