Buyer Broker Representation
Real Estate Tips For Buyers Market News
This is the purest form of representation for buyers. Buyer Boker agents have the full fiduciary duties of dealing honestly and fairly, loyalty, confidentiality, obedience, full disclosure, and accounting for all funds. Buyer Broker agency is the only form of agency that creates a client-level relationship between the buyer and real estate agent.
We choose to represent buyers only as Buyer Broker agents (buyer's agents). We are not salesmen. Instead, we act as consultants, advisors, and negotiators for our buyer clients. Our expertise and knowledge of the market allows us to provide unique, client-level services while protecting the financial interests and personal needs of the buyer. Our sound professional advice helps you make intelligent decisions and will likewise maximize your opportunities.
How much does it cost to work with a Buyer Broker Representative? We are paid by the Seller, Builder, or Listing Company at closing.
On rare occasions, we will enter into an agreement with the buyer to receive compensation from the buyer. An example of this would be when the seller or sellers' agent refused to pay a Buyer Broker fee: i.e. Broker who is not a member of the Multiple Listing Service.
Buyers Agency Chart
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Services/Duties Provided |
Seller Agent |
Buyer Agent |
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Arrange property showings |
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Assist with financing |
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Provide property data |
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Explain forms/agreements |
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Monitor closing |
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Prepare property value study |
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Represent buyers on MLS listed properties, |
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Promote and protect interest of the buyer at all times |
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Advise the buyer even if it means pointing out reasons not to buy |
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Disclose all research about property history and liens |
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Negotiate best price and terms in favor of the buyer |
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Structure offer with the buyer's interest in mind |
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Keep buyer's financial capabilities/thoughts confidential |
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Negotiate home inspection repairs in favor of the buyer |
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Buyer's Agent Information:
| Here are some quotes from the media: |
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"Exclusive agencies are best. They remove any conflict of interest, which is the main reason for considering a Buyer Broker in the first place." |
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| - Kiplinger's Personal Finance Magazine | |
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"Unlike the traditional agent who looks out for the seller, a buyer broker acts as your advocate, helping you find the home you want and then negotiating the lowest possible price. The best buyer brokers are so called exclusive agents - that is, they represent only buyers, never sellers..." |
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| - Money Magazine | |
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"Your goal should be to engage an agent who will represent only your interests. Not just a 'buyer broker,' but an exclusive buyer broker. Make sure that is what you are getting." |
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| - from the book Not One Dollar More! (How To Save$3,000 to $30,000 Buying Your Next Home) by Joseph Eamon Cummins |
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"To protect themselves, buyers can retain their own exclusive representative, called a "buyer's broker." Your local agent may offer such services, but be aware that buyers' brokers who also want to work as sellers' brokers can sometimes end up on both sides of the deal." |
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| - Business Week | |
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"Only by using an exclusive buyer agent can a buyer be sure all information is kept confidential. Only an exclusive buyer agent can give the buyer an objective, experienced opinion of the homes viewed to insure the buyer gets the right home, in the right location, at the right price." |
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| - Mobility Magazine article by Joseph Eamon Cummins |
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"Exclusive buyer's agents work only for consumers and often can save them money - and they don't cost more to hire... Buyer's agents are not tied to any particular property or agency, so they will show buyers any home, even those for sale by owner." |
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| - Los Angeles Times | |
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"Realizing your agent isn't on your side is a little like learning there is no Santa Claus." |
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| - This Old House | |
