 | |  | |  | |  | |  | |  | |  |
| Buyer Agency |
| Kevin Markley's Lake Country |
| Who does your real estate agent work for? |
Before you start to visit open houses or call real estate agents to look at their listings, it is important to know that real estate
agents work in different capacities. A "Listing Agent" is the agent who's name is on the "for sale" sign and represents the
seller's best interests. A Listing Agent cannot work in your best interest as a buyer.
You, as a buyer, can have an agent represent your best interests with a Buyer Agency Agreement.
What Does A Buyer Agency Agreement Mean?
A Buyer Agency Contract means that the Buyer's Agent will:
Benefits A Buyer's Agent Can Provide:
All This Service - What's The Cost?
In most cases, there is no charge to you as a buyer. The Buyer's Agent's fee is paid out of the Listing Agent's commission
as outlined by the Multiple Listing Service.
Going The Extra Mile With Buyers
While a traditional Seller's Agent would not withhold important information, a Buyer's Agent has a legal obligation and
commitment to dig deeper into any situation which might jeopardize the best interests of the buyer. For example, if an
inspection reveals a problem, a Buyer's Agent can make a difference. Should the buyer still wish to purchase the home
after the discovery of the problem, the Buyer's Agent "goes to bat" for the buyer to negotiate a fair agreement.
The Difference Is...
A traditional selling agent will work with a buyer, but is required to advocate for the seller's interests.
A Buyer's Agent works for the buyer, advocating for the buyer's best interest... most often at no charge!
agents work in different capacities. A "Listing Agent" is the agent who's name is on the "for sale" sign and represents the
seller's best interests. A Listing Agent cannot work in your best interest as a buyer.
You, as a buyer, can have an agent represent your best interests with a Buyer Agency Agreement.
What Does A Buyer Agency Agreement Mean?
A Buyer Agency Contract means that the Buyer's Agent will:
- Hold the buyer's interests above all other parties in the transaction
- Be obedient to the buyer's wishes
- Disclose material information
- Negotiate for the buyer unless the buyer releases the broker from this duty
- Disclose material adverse facts
- Give you fair and honest treatment
- Provide accurate market information to the best of the agent's knowledge
- Not give information or advice to other parties unless required to by law
Benefits A Buyer's Agent Can Provide:
- A Buyer's Agent can negotiate terms that are in the best interest of the buyer.
- A Buyer's Agent is not limited to showing properties only listed in the Multiple Listing Service.
- A Buyer's Agent is obligated to confidentiality of the buyer's personal motives or financial intentions.
- A Buyer's Agent can prepare an estimate of value for a property.
All This Service - What's The Cost?
In most cases, there is no charge to you as a buyer. The Buyer's Agent's fee is paid out of the Listing Agent's commission
as outlined by the Multiple Listing Service.
Going The Extra Mile With Buyers
While a traditional Seller's Agent would not withhold important information, a Buyer's Agent has a legal obligation and
commitment to dig deeper into any situation which might jeopardize the best interests of the buyer. For example, if an
inspection reveals a problem, a Buyer's Agent can make a difference. Should the buyer still wish to purchase the home
after the discovery of the problem, the Buyer's Agent "goes to bat" for the buyer to negotiate a fair agreement.
The Difference Is...
A traditional selling agent will work with a buyer, but is required to advocate for the seller's interests.
A Buyer's Agent works for the buyer, advocating for the buyer's best interest... most often at no charge!
| | | | | | | | | | | | |
| Buyer Agency |
| Kevin Markley's Lake Country |