One of the biggest problems with conflicts of interest, apart from their impact, is that we simply dismiss them from our minds – particularly when they’ve been brought to our attention.
Consider the Buyer’s Agent. If you want to buy real estate, a buyer’s agent works for you to get you the property you want. Because of their objectivity and disinterest, they can negotiate without getting emotional or swept up in the moment. Because of their experience they’re able to negotiate great prices and avoid the tricks and traps set by wily real estate agents.
Buyer’s agents often promote the idea they will be able to negotiate a lower price for a property than you could.
But, to what extent is this true?