Here in CA the agent chosen by a buyer is obligated to see to the buyer's interests first and foremost.
I don't understand this. Where I live, the real estate agent is contracted by the seller. The Seller and the agent have the contract with each other and therefore the fiduciary responsibility of the agent is toward the seller. You can hire an agent to represent you as a buyer if you choose but this is pretty rare. The buyer has no contract with the real estate agent and the agent technically does not represent their interest. But, it does behoove them in the long run to try to make everyone happy.
|