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By Lindsey, on April 12th, 2011
Dual agency definition: Occurs when the same brokerage represents both the buyer and the seller under written agreement. This means that if you have a buyers agreement with a real estate agent and find a home you are interested in that is under the same broker that your agent works for, another agent or the same agent within the same office can represent the seller.
That doesn’t sound so bad does it? Written agreements are made, that sounds safe.
Think again. Dual agency can be detrimental to a buyer in certain cases. A company that allows dual agency may say they work as a dual agency but actually operate more closely to a single agency. In small offices, phone calls with the buyer discussing pricing and terms can be overheard or faxes accidentally seen. Unintentionally an agent may be talking about a buyer in the break room and be overheard by the sellers agent. This can give the sellers agent information that may benefit the seller.
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By admin, on February 17th, 2011
C.P. from Massachusetts wrote today about her Florida retirement home search experience and her buyer agency agreement:
…please feel free to use my comments (including those that follow). Given that my first name is fairly unusual, could you use my initials, “C.P.,” instead? If not the first name is certainly OK. I’m happy to sing the praises of buyer brokers!
Our experience convinced us of the value of an exclusive buyer broker. By previewing properties, he made our search much more efficient, and once he found a waterfront property that we liked, he performed extensive research on local and state restrictions, environmental data, its history (back into the 1800s), etc. Ultimately, this resulted in our having more accurate information about the property than even the selling broker or the owners had. Our buyer broker’s services were invaluable and helped to relieve many of the stresses and complications inherent in purchasing a home, especially as we were buying out of state in an area that was new to us. He even found us a local real estate attorney and a home inspector His patience, diligence, and professionalism meant that we could negotiate and make our purchase with confidence, equipped with all the information we needed. Overall, his personal attention to serving our needs and protecting our interests made for a most positive experience.
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(343 words, 0 images, estimated 1:22 mins reading time)
By Lindsey, on July 27th, 2010
So, you are ready to take the plunge and buy a home….who do you turn to for home buying help?
How do you know where to start when buying a new home? What is the first step in buying a new home? What needs to be done and in what order?
There are agents for home buyers who specialize in being able to answer these questions for you. Exclusive Buyer Agents and buyer agents work on the buyer’s side of the real estate transaction.
These agents assist in everything from emailing you listings, to showing you homes, to directing you to help with home inspections and insurance, to negotiating deals on terms and price at closing.
If you ever needed someone you could trust to represent you, this would be the time.
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(444 words, 0 images, estimated 1:47 mins reading time)
By Lindsey, on July 12th, 2010
Buyer agents and Exclusive Buyer Agents have you covered from A-Z, according to Willie and Claudia of Miami.
They were searching for an agent who could help them find a home in Miami. Here was the information they came to us with:
First time home buyer seeking a trustworthy, hardworking, experienced real estate agent in my area with strong negotiating skills and familiarity with the area. Looking for an agent who is available both via telephone and email, can work evenings, weekends, has no commission fees and or no buyer/agent contract requirements. Searching for an agent who can provide a personalized buying experience who also has access to certified inspectors, appraisers, mortgage loans, title companies with experience in handling an FHA loan or possible Fannie Mae Loans. Experience and knowledge in current government programs available for first time home buyers.
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(517 words, 0 images, estimated 2:04 mins reading time)
By Lindsey, on June 21st, 2010
Exclusive Buyer Agents are an amazing breed. They work only for the buyer. This gives them the value of having no conflict of interest with other listings in their office. I hear over and over again how happy home buyers are when we refer them to our Exclusive Buyer Agents.
Here is one example of just how far EBAs will go to assist the buyer in finding their perfect home. Penny from (now) Oregon writes:
“My husband and I plan to retire to Oregon, my home state and where we first met. We were looking for a house in *** for retirement, but we currently live out of state. We chose a buyer’s agent because we thought that doing so would make us feel more comfortable about our options and the service we would get from our real estate agent. My husband and I spent several days with Terry Cannon over the Labor Day holiday weekend last fall. Terry took his time during the holiday to travel to ***, a long distance from where he lives, to help us find a house to buy.
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(520 words, 2 images, estimated 2:05 mins reading time)
By Lindsey, on June 3rd, 2010
Many buyers have come to us looking for EBAs who can help them find the home of their dreams.
Ever get that warm fuzzy feeling when something good happens to someone else?
That is what I got when I read this letter from Andy in Tigard, Oregon about the help they got from an EBA we connected them with:
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(402 words, 0 images, estimated 1:36 mins reading time)
By Julie, on February 7th, 2010
Desperate times call for desperate measures, especially for home sellers in this real estate market. A recent Yahoo article talks about common fibs that home sellers are more frequently telling buyers in a desperate attempt to sell their homes.
The common fibs that are being reported by real estate professionals and state regulators are:
- property dimensions
- pest problems
- flooding problems
- the neighborhood
- property maintenance
- property taxes
Even though there are more than 30 states that mandate sellers to tell prospective buyers about property problems, they can be overlooked and sometimes the sellers are not even aware of the problems. This is why it is extremely important to work with an exclusive buyer’s agent (EBA) that is 100 percent independent of all property listings. An EBA can help you catch the common fibs of home sellers to ensure that the property is the right one for you.
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(204 words, 0 images, estimated 49 secs reading time)
By Julie, on February 1st, 2010
We recently heard back from one of our buyers that we referred to an exclusive buyer’s agent in their area of interest.
The buyer thanked us for the broker’s contact information and for the set of interview questions that we provided to help her choose the right broker for her. She said the suggested interview questions allowed her to have a successful interview and to make a confident decision to work with the broker we suggested.
It is important to feel confident in your decision of the buyer’s agent you decide to work with because they will play a vital role in your home buying process.
Here are a couple tips to consider when you are looking for the right buyer’s agent:
1.) Take your time – do not agree to work with the very first buyer’s agent you talk to
2.) Ask the buyer’s agent if they offer a free consultation session
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(261 words, 0 images, estimated 1:03 mins reading time)
By admin, on November 25th, 2009
I spoke to a man today that is looking to buy land in either Kansas or Oklahoma. We were able to give him contact information of an exclusive buyer agent office in Oklahoma. However, we had no exclusive buyer agents in his preferred city in Kansas so we offered him a good alternative.
The gentleman did not realize there are different types of real estate agents until today during our phone conversation. Any licensed real estate agent can act as a designated agent on your behalf. However, exclusive buyer agents who work in EBA companies provide the highest form of buyer representation. The whole company specializes in working with buyers. They are 100 percent dedicated to buyers and do not spend any time trying to sell or market properties. EBA offices have no contracts to get the highest price & best terms for sellers, as do traditional companies.
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(287 words, 0 images, estimated 1:09 mins reading time)
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