Finding the right agent

[Anastasiia Greca]

Some people mentioned that when you are buying a house you should get a "Buyer Agent". 
So as I see it:

Seller Agent - negotiation the largest price possible for the house to satisfy his seller needs

Buyer Agent - negotiation the smallest price possible for the house to satisfy his buyer needs
Both types of agent get payed through commission, basically by the seller.
So my question is - why would Buyer agent try to get lower price, if that means he is getting less money? Am I missing something? Maybe I (Buyer) supposed to pay something to my agent? 

Do you have to sign Buyer Broker Agreement? 

And what happens if you cant find the right deal, but your Buyer Broker Agreement time frame is coming to an end? Do you have some penalties or fees you supposed to pay for working with agent?

[Bill Kenny]

To answer your question..  you should ask questions of agents before you "hire" them to work for you.. It's really no cost to you as the buyer..  Do you want someone in your corner during the process? You really don't know what you don't know when you are starting out.. Can't really hurt to find someone that can help you and add value to the process. Right? When you sign the buyers agent agreement just ask how you get out if you are unsatisfied with their services. Their is a section that outlines how you can terminate the agreement. 

There are ethics standards that licensed agents are held. From the perspective of the buyers agent wanting to keep the price high... wouldn't you want to make a % of a deal even if it is a lower sales price and be a valued source to a client? Real Estate is a people business and if you are not helping and adding value to people that will be directly reflected in your success. To be truly successful you should have a larger # of people that you can lean on that can provide advice and guidance.

Good Luck!