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buyer agent: The Definition of an Exclusive Buyer Agent - 08/14/08 06:04 PM
Most consumers don't know what an Exclusive Buyer Agent (or Broker) is. In fact - most Real Estate agents don't know. NAR's defination is that they work for a company that never represents sellers -- EVER. This is in comparison to a "so-called" "Buyer Agent" who works both sides (for sellers and buyers) - and can get into conflict of interest situations
Exclusive Buyer Agents have the buyer's best interests in mind - and don't act as "salespeople" - but as unbiased consultants and advocates for the home buyer.
Dual agency exists in real estate so that large real estate brokerages … (0 comments)

buyer agent: The Ummel Verdict Is In - Buyers Need to be Careful in Choosing Their 'Buyer Agent' - 04/17/08 12:06 PM
The Ummel Verdict Is In - Buyers Need to be Careful in Choosing Their 'Buyer Agent' Good article. Exclusive Buyer Agents go way beyond analyzing comps (which is a given) - to looking at recent market trends and statistics, neighborhood information, city plans, community plans, and helping the buyer do Due Diligence on other things. Interestingly - the general public and many Real Estate agents - don't even know that Exclusive Buyer Agents exist. Exclusive Buyer Agents are experts at collecting information on the seller's situation - while keeping their buyer client's situation confidential. Because Exclusive Buyer Agents are specialists - … (5 comments)

buyer agent: The Definition of an Exclusive Buyer(s) Agent - 03/11/08 11:19 PM
Exclusive buyers' agent: A licenced real estate practioner who represents only buyers and neither accepts listings nor works in an brokerage which represents the interests of sellers or accepts listings.Exclusive buyer agency   1. A real estate brokerage that employs only buyers' agents and never engages in the agency representation of sellers.   2. A real estate brokerage that exercises a fiduciary obligation to serve only buyers interests, thus being independent of all obligations and inducements owed sellers.Exclusive Buyer Agency observes the virtue of the Common Law axiom that an agent may represent a seller or a buyer, but never both.We believe most … (15 comments)

buyer agent: This Realty Times Article Highlights Information That is Valuable to Home Buyers - 11/26/07 04:48 PM
This Realty Times Article Highlights Information That is Valuable to Home Buyers Including a link to The National Association of Exclusive Buyer Agents It talks about the disadvantages of "one stop shopping" (as I also mention in my my recent blog post) -- how agency disclosure is at very low levels, how the public really doesn't know the difference between a so-called buyer agent (who may list property 95% of their time - but only calling themselves a buyer agent when they are working with a buyer) - and an Exclusive Buyer Agent. In fact - many traditional Real Estate agents … (0 comments)

buyer agent: CNN Money Article on Why Representation by an Exclusive Buyer Agent is Best for Consumers - 05/13/07 12:24 PM
A new article on CNN Money talks about how people should use an Exclusive Buyer Agent.... Unfortunately - the terminology they used was "buyer agent" in this article at CNN Money
But the point is clear... use an agent that is on your side - and the only type of agent that you can be assured of that does that - is an agent that doesn't list properties - so they can give you unbiased home showing, no conflicts of interest, and always be on your side 100% of the time.
I think most people get confused - as there are … (0 comments)

buyer agent: Kiplinger's Personal Finance - Recommends Using an Exclusive Buyer Agent - 04/17/07 11:54 AM
Kiplinger's Personal Finance - Recommends Using an Exclusive Buyer Agent in this March, 2007 article. (They have written many along the same lines in previous years..) Consumer Reports, Money Magazine, CNN Money, the Wall Street Journal, Medical Economics Magazine, the Consumer Federation of America, and many others have all done the same..
An Exclusive Buyer Agent is an agent that never lists company for sale - nor does their company.  They never represent sellers - ever.  On the other hand a "buyer's agent" works for a company that lists property for sale - and they themselves usually list property for sale.  Whether … (1 comments)

buyer agent: The National Association of Exclusive Buyer Agents (NAEBA) - 03/30/07 01:31 PM
There is an association for Exclusive Buyer Agents - called The National Association of Exclusive Buyer Agents (NAEBA)
Not all Exclusive Buyer Agents are members however.  NAEBA has certain ethical guidelines that it enforces within it's ranks - so that the public can be assured that they are dealing with a true Exclusive Buyer Agent (versus the "fake" variety....someone naming themselves that - when they really aren't....for example - having had a few listings..)
 You can read more about the benefits of Exclusive Buyer Agency representation on that web site.
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As Exclusive Buyer Agents - we provide expert research and negotiation … (1 comments)

buyer agent: The Difference Between an Exclusive Buyer Agent and a "Buyer Agent" - 03/30/07 01:23 PM
Unfortunately - most of the general public isn't aware of the distinction...
In the 1990's NAR defined the difference in one of their brochures - but that is the last we've heard from them in terms of the definition.  Only two states proactively let the public know that Exclusive Buyer Agency is a choice that they can have when they are purchasing Real Estate -- Ohio and California.
 
An Exclusive Buyer Agency is a real estate agency employing only agents working with buyers - and never engaging in agency for sellers.   They have a fiduciary obligation and service to buyers, independent … (0 comments)

buyer agent: Don't Visit New Construction / Builders Without Representation! - 03/28/07 01:05 PM
As a consumer - did you know that when you sign into a new construction community by yourself - that you lose your ability to be represented at a later date on that same property (without any cash out of your pocket)?  It is a dirty little secret that the builders never tell you about.  Of course - they don't.  If you sign in on their sign-in sheet without an agent - they get to save 3-4% (what they would have paid out to the agent's brokerage.)
When you sign in to new construction - the builder has you by the … (19 comments)

 
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