We even have cases where one broker represents both sides.
The potential to obtain better prices, provided the broker represents a large number of suppliers.
If your broker represents an insurance company you should seek details of whether such payments are made and their value.
"I think it takes away the gray area of who a broker represents, which I'm all in favor of."
Some states do allow a broker and one agent to represent both sides of the transaction as dual agents.
A 1983 Federal Trade Commission survey, she noted, found that 71 percent of buyers believed the broker represented them.
She said that only one of these deals closed smoothly and that many brokers no longer represent parents and adult children.
The broker may represent plans from up to 15 different insurers, allowing you to get a better feel for what is available and do more comparison shopping.
Traditionally, the broker represents the seller, and has a fiduciary duty to the seller.
Because marriage was considered to be a sacred covenant, brokers representing the families of the prospective bride and groom negotiated on their behalf.