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There
is a difference
If
the agent is not working for you as a buyer broker, that agent is
working as a transaction broker or for the seller as a seller's agent,
not for you. You are the agent's customer not his client. A seller's agent
must treat you fairly and can't misrepresent any material facts about the
property, but he must try to get the most money and the best terms for
the seller, not you. He must, by law, tell the seller everything
he has been able to find out about you.
We
have no other Loyalties
Even
if an agent says he will be your buyer's agent there will still be conflicts
if that agent or his office also lists property for seller's.
Lawyers in the same office will not represent both parties in a transaction.
Agents in the same real estate office shouldn't either.
You
have a choice
If
the agent is not working for you as a buyer agent, he can not help you
determine that the property is over priced. He can not give you advice
on offering less than full price. He can not reveal the seller's motives.
If
it doesn't cost more,
why
settle for less
Here's
what the experts have to say
"Buyer brokers:
agents that buyers can call their own. Buyer's no longer have to fend for
themselves."
U.S. NEWS &
WORLD REPORT
“Until recently all
residential real estate agents and brokers represented the seller a fact
lost on many home buyers. Now... a new breed of brokers has emerged to
fend for them.” Christi Harlan The Wall
Street Journal
“Most agents who
show you homes don’t represent your interests. They work for the seller,
and their object is to sell the house at the highest possible price.” USA
TODAY
“ Exclusive agencies
are best. They remove any conflict of interest, which is the main reason
for considering a buyer broker in the first place.” Kiplinger's
CHANGING TIMES
"Only an EBA can
guarantee to represent you in your home purchase and guarantee to negotiate
on your behalf." Tom Early, President of
the National Association of Exclusive Buyer Agents
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