North Texas Dentistry Volume 12 Issue 5 NTD 2022 ISSUE 5 DE | Page 29

the transaction . The commission amount is set aside before the property is even listed , and it will either be paid to the listing agent only or it will be split between the listing agent and the agent you hire to represent your needs . Often , if there is no buyer / tenant agent , the listing agent gets paid an amount that equals a ‘ double commission ’.
If you take the ‘ do-it-yourself ’ approach , someone else is making the money for doing the job you did yourself . The craziest part is the person making money is opposing you in the transaction ! And , you just helped that person collect twice as much as they would have if you would have hired an expert agent to represent your needs and protect your interests !
If you take the ‘ do-it-yourself ’ approach , someone else is making the money for doing the job you did yourself .
Think about that for a moment … The landlord , who has done numerous real estate transactions and whose entire livelihood is based on real estate , hires an agent so they can leverage that agent ’ s experience . Why would a healthcare buyer or tenant who will only transact a few times over the course of their career try to do it alone ?
The problem is that to them , you are just a customer . The landlord is their only client in the deal . That might not sound like a big difference , but it has a HUGE impact on the outcome of the terms that each party receives . They have a legal obligation ( called a fiduciary ) to ensure the landlord gets the best possible deal within your transaction . They have no such obligation to you , since you are not their client .
Without representation that looks out for your best interests , you are almost guaranteed to leave a significant amount of money on the table during negotiations .
Experience . The vast majority of landlords have an agent and other experts they regularly consult with that work diligently to ensure the landlord receives the best deal possible .

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