Sanyo wrote: ↑ Another question -- do you think its smart if you see a property you like to call up the seller agent and negotiate for them to be your buyer agent for that transaction only and try to get 50% cash back if the deal closes since they will also be getting a commission from the seller?
So basically i assume 1-2% seller commission + 1.25% buyer commission would still be a sweet deal for the seller agent.
Does this happen often?
In theory what you are proposing makes perfect sense and would work well if all agents were created equal (have the required knowledge/objectivity/etc to carry this out as a win/win for all). Because this is hardly ever the case and because they don't have a client obligation to you as a buyer you take on quite a bit of risk engaging the seller agent.
In short It's doable and it works, but buyer beware.