Sunday, September 05, 2010

Buyers Broker

Buyers Brokerage. Do you want somebody with experience to represent you in a real estate transaction? Sellers have long had their own Real Estate Agent representing their best interests. Shouldn't you have someone with knowledge representing your interests? We provide you with this ability to have experience on your side by providing buyers brokerage. 

Buyers as clients (We represent you)

With the increase in the practice of buyer agency in North America, especially since the late 1990s in most areas, agents (acting under their brokers) have been able to represent buyers in the transaction with a written "buyer agency agreement" not unlike the "listing agreement" between brokers and sellers (often referred to as a sellers agency). The real estate licensee, upon entering into a written agreement with a buyer, agrees to work solely for the buyer and in return, the buyer agrees to exclusive representation.
At this point, a real estate brokerage owes the buyer the duties of:

  • Loyalty to the buyer by acting in the buyer's best interest.
  • Confidentiality by not disclosing facts that could influence the buyer’s ability to negotiate the best terms.
  • Disclosure to other parties in the transaction that the licensee has been engaged as a buyer's agent.

The broker negotiates price and terms on behalf of the buyers and prepares standard real estate purchase contract by filling in the blanks in the contract form. The buyer's agent acts as a fiduciary for the buyer. Contact us we would love to represent you.

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