Exclusive BUYER'S Agency
|
|
BUYER'S SOURCE, REALTORS* Exclusive BUYER'S Agency |
 |
|
|
|
|
Real Estate Services for BUYERS Only! With NO Charge to the Buyer for our Services!
A Consumer Report You Need to ReadConsumer Report #411Special Consumer Report #411
Research shows that most homebuyers understand very little about whom their agents represent and its vital importance. While State law requires agents to disclose whose side they are on, most required disclosures are woefully inadequate, poorly explained, glossed over, minimized, and downright confusing. A growing number of brokers represent only the buyer, which is known as Exclusive Buyer Brokerage or Exclusive Buyer Representation.
ARE ALL REALTORS ALIKE? No. There are four types of Realtors: Seller Agents, Dual Agents, Buyer Agents, Exclusive Buyer Agents.
EXCLUSIVE BUYER AGENTS represent homebuyers never sellers. These agents are required to get the best price and terms for the Homebuyer. All consumer advocates recommend that homebuyers take advantage of the benefits offered by exclusive buyer agents. Exclusive buyer agents are specialists in the home buying process. The higher level of professional service for buyers has resulted in an average of over 5% savings and greater satisfaction for homebuyers. Because these agents do not list property, they do not have company listing to try to sell to you first. Instead, all homes are available to homebuyers without bias, including For Sale By Owner, New Construction, and Multiple Listing Service homes (other Realtor listings). Exclusive Buyer Brokers will better protect the interests of buyers than dual agents, sub-agents or designated agents.
SELLER AGENTS list property and represent the seller. Remember that if you are buying a home and call the listing company, it is the legal obligation of the companys agents to get the highest price and best terms for the seller. Any information given by a prospective homebuyer to the seller¿s agent must be told to the sellers. This includes any reference to the buyer¿s financial and personal data, potentially increasing the cost of the home by thousands of dollars.
BUYER AGENTS ¿ are agents that work both as a listing agent (representing sellers) and as a buyer agent (representing buyers) . They try to wear 2 hats at one time. This agent can agree to represent you and sign you to a binding contract to do so. As long as you don¿t buy a house that the agent or the company she works for has listed, you¿re safe. Be aware, if you buy one of her agencys listing, your level of representation is switched. You may find yourself in the middle, with an agent trying to represent both you and the seller at the same time. There is a very high risk of conflict of interest with this situation.
DUAL AGENTS are real estate agents whose company list property for sale, but act as buyer agents on those properties. Unfortunately, for buyers and sellers, dual agents are legal in most states. While dual agents attempt to justify this practice, consumer advocates warn NEVER to use a dual agent. The National Association of Realtors wrote that the practice of dual agency is as dangerous as playing Russian Roulette. If a real estate company lists property and represents the seller you can strongly doubt any attempted claim that their agents can properly represent homebuyers.
NO DUAL, DESIGNATED AGENTS! By agency law, a listing real estate company and all of their agents represent the individual selling the home. If they say they can represent the buyer and the seller that is dual agency or designated agency. Confused? So are most traditional brokers and agents! If they try to minimize or downplay its importance to you be very careful. It is at this point that dual or designated agents may begin to protect their commission checks rather than your interests. An Exclusive Buyer Broker does not take listings and never represents sellers. Since Exclusive Buyer Agents or Brokers do not list houses for sale, they have no particular house to sell you. This keeps them focused on the Buyer¿s wants and needs. Agents who list properties for sale love to sell the Buyer one of their company listings because they will get a higher commission.
Special Consumer Report #411
Research shows that most homebuyers understand very little about whom their agents represent and its vital importance. While State law requires agents to disclose whose side they are on, most required disclosures are woefully inadequate, poorly explained, glossed over, minimized, and downright confusing. A growing number of brokers represent only the buyer, which is known as Exclusive Buyer Brokerage or Exclusive Buyer Representation.
ARE ALL REALTORS ALIKE? No. There are four types of Realtors: Seller Agents, Dual Agents, Buyer Agents, Exclusive Buyer Agents.
EXCLUSIVE BUYER AGENTS ¿ represent homebuyers never sellers. These agents are required to get the best price and terms for the Homebuyer. All consumer advocates recommend that homebuyers take advantage of the benefits offered by exclusive buyer agents. Exclusive buyer agents are specialists in the home buying process. The higher level of professional service for buyers has resulted in an average of over 5% savings and greater satisfaction for homebuyers. Because these agents do not list property, they do not have company listing to try to sell to you first. Instead, all homes are available to homebuyers without bias, including For Sale By Owner, New Construction, and Multiple Listing Service homes (other Realtor listings). Exclusive Buyer Brokers will better protect the interests of buyers than dual agents, sub-agents or designated agents.
SELLER AGENTS list property and represent the seller. Remember that if you are buying a home and call the listing company, it is the legal obligation of the companys agents to get the highest price and best terms for the seller. Any information given by a prospective homebuyer to the seller¿s agent must be told to the sellers. This includes any reference to the buyers financial and personal data, potentially increasing the cost of the home by thousands of dollars.
BUYER AGENTS are agents that work both as a listing agent (representing sellers) and as a buyer agent (representing buyers) . They try to wear 2 hats at one time. This agent can agree to represent you and sign you to a binding contract to do so. As long as you dont buy a house that the agent or the company she works for has listed, you are safe. Be aware, if you buy one of her agencys listing, your level of representation is switched. You may find yourself in the middle, with an agent trying to represent both you and the seller at the same time. There is a very high risk of conflict of interest with this situation.
DUAL AGENTS are real estate agents whose company list property for sale, but act as buyer agents on those properties. Unfortunately, for buyers and sellers, dual agents are legal in most states. While dual agents attempt to justify this practice, consumer advocates warn NEVER to use a dual agent. The National Association of Realtors wrote that the practice of dual agency is as dangerous as playing Russian Roulette. If a real estate company lists property and represents the seller you can strongly doubt any attempted claim that their agents can properly represent homebuyers.
 
|
|
