Why You Need an Exclusive Buyer's Agent
You deserve the best possible representation!
Would you want the attorney who is representing your
opponent to represent you in the same court matter? Why
let the Seller's Agent negotiate on your behalf with
THEIR client?
What is Buyer's Agency?
Buyer's agency is a buyer-agent relationship in which
the Buyer's agent is the agent for the buyer with all
the fiduciary responsibilities of care, obedience,
accounting, loyalty, and disclosure owed to the buyer.
The Buyer's agent represents the buyer under the law of
agency. Without a buyer's agency relationship, all
agents will fall under the seller's agency and owe all
of fiduciary responsibilities to the seller.
What does the press have to say?
"To Buyers: If you want representation, work with a
buyer broker. They are legally obligated to represent
your interests in any negotiations with sellers." The
Consumer Federation of America " Groups such as the
Consumer Federation of America and AARP recommend using
buyer's agents. SmartMoney Magazine
"Exclusive agencies are the 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
"Many people don't realize that, unless specifically
stated otherwise, brokers are legal representatives of
sellers. A buyer broker, representing only the buyer,
may be able to secure a better price and better terms."
Good Housekeeping
"Buyer brokers: agents that buyers can call their
own...If your real estate agent isn't a buyer broker, he
works for the seller...Buyers no long have to fend for
themselves." U.S. News & World Report
"Level the playing field when you buy a home...You
may get a better deal with your own broker pulling for
you...The introduction of buyer brokers takes a horribly
one–sided process and simply makes it fair," says one
broker." Medical Economics
"Confusion often arises because many buyers believe
that the agent who shows them houses works on their
behalf. In fact, subagents of the listing broker – often
they are agents who work for another office – also act
on behalf of the seller." New York Times
"Buyer brokers have the buyer's interests in mind.
They act as a personal advocate, hunting for the right
house and haggling with the seller's agent. In fact, a
1992 study by a national long distance phone company,
found that 200 relocating workers who used buyer brokers
paid an average of 91% of the offering price, whereas
those using traditional brokers paid 96%." Diversion
Magazine for Physicians
Working With Real Estate Agents Brochure
All Real Estate Brokers/Agents are required by North
Carolina law to provide and review this brochure with
prospective clients. This Brochure is NOT a contract.
The brochure provides information for you to know
whether an agent is working for you as your agent or
simply working with you while acting as an agent of the
other party. This brochure addresses the various types
of working relationships that may be available to you.
It should help you decide which relationship you want to
have with a real estate agent.
Click here to view the brochure in PDF Format.
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