Re: 'twas ever thus
"[0] Weird system that you as a buyer have a real estate agent of your own, protecting your interests in the purchase. I'm beginning to think they were fleecing us."
Huh. As a buyer in the US, I've always used an agent. Especially if I'm relocating to a new area, and don't know the territory. When there are agents on both sides of the deal, they split the commission (paid by the seller), so it isn't an apparent expense for me. I have been fortunate to have had good (and ethical) agents, so far.
First time I sold a house, the ultimate buyer was also an agent, but for commercial, not residential property. We found out at some point that what he had done was to survey available properties and chose mine. Then, he pretended to be a naive buyer, and chose my selling agent to be his buying agent, putting her on both sides of the deal, for a little extra motivation for his offer. He said there were several properties he wanted to see, but "fell in love" with ours.
What he didn't know was that our agent was a long-time personal friend, When she figured out that he was an agent, she told us right away and asked if we were comfortable about her representing him. We said since she was up-front about it, we were fine with her getting the entire commission.
He then played shenanigans - his first offer (too low) was set to "expire" at 11 PM the same day. We had no interest in it, so we didn't respond. At 11 PM, I unplugged the phone (1980's - BCP), and had a good night's sleep.. He was furious the next day, as he had tried to call and pressure us after the deadline. What good is a deadline, if you never had any intention of adhering to it yourself?
He did ultimately submit an offer that we found acceptable. We did well on that sale!