Let's
Talk...
What
is Buyer Representation/Buyer Agency?
When
I am acting as a "Buyer's Agent" in a real estate transaction
I am representing the Buyer, not the Seller of a property. This
means that I have obligated myself to promote the interests of my
client (the Buyer) "with the utmost good faith, loyalty, and
fidelity".
In
other words, if you are a buyer and I am your agent, I work for
you, just as the "listing agent" of a property is a "Sellers
Agent" and works for the seller of the property.
*
I cannot disclose your confidential information to others, including
to the seller or the seller's agent without your permission (except
for some clearly defined disclosures that may be required by law
to prevent "misrepresentation" or in judicial and administrative
proceedings, etc.).
*
I am permitted to make recommendations to you, advise you, do everything
I can to get you the price, terms and property you want, assist
you in obtaining other expert advice and services, and give you
my opinion about the property, the transaction, and negotiations.
*
If the property is "listed" on the "Multi-list"
of the Board of Realtors, I can, with your permission, share in
the commission already priced into the sales price, which means
you can have your own representation and it will cost you the same
as if you bought the property through the "Seller's Agent",
who is obligated to work for the seller!
*
I can also work with you as a "Buyers Agent" to purchase
"unlisted" (FSBO) property directly from a seller. My
expertise in putting together the transaction, (the "deal"),
my assistance with getting inspections, appraisals, and navigating
the complexities of financing requirements and local legalities
more than pays for itself.
Another,
lesser known, arena of "Buyer (and Seller) Agency" includes
"Real Estate Consulting" where you can hire me for my
real estate and business expertise to help you evaluate your options
for a particular plan of action or to explore "off the wall"
ideas and questions before you make a commitment to purchase, or
sell, your property, or invest in real estate.
For
those who are considering building, a "Buyer's Agent"
can act as the home owner's representative, working with builders
& contractors to build your "custom built" home. One
of my particular interests is "green" building and assisting
you to include "green" options in your home.
"Buyer
Agency" has been around for years, but only in recent years
did the "average" buyers of homes become more knowledgable
about the process of purchasing property, and realize that they
have the right to have their own representation and real estate
agent to assist them.
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