Representation Agreement

There are many pitfalls and only a slim chance at an upside with self-representation. Firstly, if you are your own agent you would need to know where to look for homes and then you would need to coordinate all showings with listing agents. Then, if you find a home you want to purchase you would then need to write your own contract. You would need to set-up your own inspections, appraisals, manage disclosures, order title. You'd also have to negotiate with the listing agent for a discount. Few listing agents will give such a discount because they know they will end up doing more work for less money.

Obviously for most people this risky option is not a good choice. Although not having a professional might cost you, it won't save you.  The buyer does not pay the Realtor.