The first in a four part series: Choosing a Real Estate Representative,
From the benefits of Buyer Agency to the differences between a licensed agent & a REALTOR:
Part I of IV
Benefits of Buyer Agency
Buyers often make the mistake of purchasing the property through the listing agent, who typically represents the seller. Below are many reasons why you should use an agent who represents YOU in the buying process:
- Loyalty
The real estate agent must act in the best interest of the buyer.
- Obedience
The Agent must follow the lawful instructions of the principal (buyer).
- Disclosure of all material facts
Examples, but not limited to:
- Relationships between agent and other parties.
- Existence of other offers.
- Status of earnest money.
- Seller's financial condition.
- Property's true worth.
- Commission split with other brokers.
- Legal effects of important contract provisions.
Next, the Benefits of Buyer Agency, Continued.
