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Buyer AgencyTo understand buyer agency, it is helpful to begin by first clarifying some commonly used real estate terminology. The terms ‘Agent' and ‘Representative' are and may correctly be used interchangeably. As well, an 'Agent' may be either a Broker or a Salesperson as these terms refer to the type of license held by the agent/licensee. The term ‘Agent' refers to the one who is empowered to act on behalf of a Principal. So, as this applies in real estate, the Principal = the Buyer OR the Seller = the Client of the Agent. A Buyer's Agent is hired by the buyer to represent and protect their interests in the purchase of a property, just as on the flip side, a Seller's Agent, a.k.a. "listing agent", has been hired by the seller to represent their interests in the sale of the property. An agent is able to FULLY serve only one client in the same real estate transaction! Buyer Brokers Realty Services provides the purest form of buyer agency - EXCLUSIVE Buyer Agency - because the buyer is always the ONLY client! Don't be fooled! A true Exclusive Buyer's Agent never has listings and will never accept any listings, not even the new breed known as "Entry Only" listings. A Buyer's Agent owes specific fiduciary (legal) duties to the Buyer-Client. These legal duties to the client are as follows:
As you can see, a Buyer's Agent makes a significant professional commitment to the Buyer-Client. Through the agency relationship (established between agent and client), the Buyer secures a dedicated and loyal ally, a trustworthy confidante, and an unbiased, objective advisor and counselor. It is for these reasons that you should choose to engage the services of a Buyer Agent. After all, you deserve nothing less than equal protection, through representation, in your real estate transaction. If you, as a homebuyer, are not receiving this level of service from a real estate agent, then you are at a clear disadvantage and, worse yet, you are short changing yourself! To experience the highest level of service and protection - Exclusive Buyer Agency - please contact me for a no obligation (REALLY) buyer consultation. You'll be pleasantly surprised by the non-traditional, un-salesman-like approach. Related topics: 10 Question to Ask Any Buyer's Agent | The Many Benefits in Using an Exclusive BUyer Agent (EBA) :: MLS Property Search :: Communities Served :: MAR Housing Reports :: Schools Information :: Area Newspapers :: Annual Credit Report :: 9 Online Calculators :: Realty Times News :: IRED-The Buyer's Corner :: Buyer's Resources :: Buyer Agency :: The Many Benefits in Using an EBA :: 10 Questions to Ask Any Buyer's Agent :: New R. E. Agency Relationship Disclosure :: R.E. Internet Warning :: Real Estate Library :: MBTA-Train & Boat :: P & B Street Railway Co. :: Is Your Home Alone? :: Glossary :: The Marketplace :: Link Exchange Partners :: Contact Me :: Privacy Statement :: Personal Information :: An Equal Opportunity Company. Equal Housing Opportunity. All information is deemed credible, but is not guaranteed. Independent verification is recommended.
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