A full hour podcast and report explore common real estate purchase mistakes and the risks involved with not getting a fiduciary agent. A live seminar will be presented in Denver on March 11, 2020,
Colorado KHOW Real Estate Consumer Radio Show by Denver host Barry Miller and Consumer advocate Larry Stanley answer questions of how to find fiduciaries and the top 6 fiduciary duties of buyer agents. This topic is vital for the buyers to learn how they can find a fiduciary out of 1.4 million licensed real estate agents throughout the United States.
The summary can be found here along with the radio show podcast that aired on February 29, 2020: https://buyeragentsearch.com/6-fiduciary-duties-of-buyer-agent/
A fiduciary is person that the other party can trust. He or she is obligated to act in the other party’s best interests. In a buyers’ agent home buyer relationship, the agent works on behalf of the buyer and must hold the buyer’s interests above his/her own. It requires the highest standard of care and loyal treatment to the buyer.
As per the National Association of Realtors (NAR), fiduciary duties cover six distinct areas: 1) Accounting; 2) Reasonable Care; 3) Confidentiality; 4) Disclosure; 5) Obedience; and 6) Loyalty. Typically, home buyers can find the buyer agent’s fiduciary duties in the buyer agency agreement. This is where the agent’s responsibilities, obligations and commitments are explained.
The best way to find a true fiduciary is by interviewing them. The hosts of the show highly encourage consumers to talk to a couple of agents before hiring one. A true fiduciary will make it clear to the consumers about their values and duties, and will also be available anytime the consumers need Them. More importantly, the agent should fully serve the buyers’ needs throughout the process.
Skyfor’s Buyer Agent Search recommends top rate fiduciary buyer agents anywhere in the United States, Costa Rica and Canada. The service also provides home buying or selling tips on its website, and instant access to a list of buyer agents at https://buyeragentsearch.com/find-a-buyers-agent/ or viewers may browse a list of agents in any specific state by going to: https://buyeragentsearch.com/associations-and-real-estate-agents/smart-home-search-broker-network/ Those considering the purchase of real estate may take advantage of free phone consultations. The office is open Mondays through Sundays. Buyers may also wish to visit Buyer Agent Search’s YouTube Channel for video interviews of top buyers agents across the country.