Home Buyers: Are you a CUSTOMER or a CLIENT ?-Whatcom County Real Estate for Sale

Home Buyers: Are you a CUSTOMER or a CLIENT ?This is a great question that you really should know when buying a home. If you have not signed a Buyers Representation Agreement, you are simply a CUSTOMER. If you sign the Buyers Representation Agreement, then You are a CLIENT and your REALTOR can provide CLIENTlevel services. Yes, there is a difference between the two.

What is the difference between a Customer and a Client ?

As a Client, your REALTOR owes certain duties that are not required of a customer. To be considered a Client, this must be done in writing. This is done when you complete the Buyers Representation Agreement prior to writing an offer to purchase on any property.

 

Here is an exert from page 2 of 3 of the Confirmation Of Agency form used in Tennessee.  Lines 51-54 and 64 -69:

Modified on 5/18/2009

Agent for the Buyer.  (Client)

 The licensee's company is working as an agent for the prospective buyer, owes primary loyalty to the buyer, and will work as an advocate for the best interests of the buyer. An agency relationship of this type cannot, by law, be established without a written buyer agency agreement.

 We also use Designated Agency in Tennessee

Designated Agent for the Buyer  (Client)

 The individual licensee that has been assigned by his/her Managing Broker and is working as an agent for the buyer in this consumer's prospective transaction, to the exclusion of all other licensees in his/her company. Even if someone else in the licensee's company represents a seller in whose property the buyer is interested, the Designated Agent for the Buyer will continue to work as an advocate for the best interests of the buyer. An agency relationship of this type cannot, by law, be established without a written agency agreement.

 Home Buyers: Are you a CUSTOMER or a CLIENT ?  Contact me today if you would like representation in the purchase of your next home,

Think Clarksville * Think Fort Campbell * Think Real Estate * Think Roland

Licensed in both Tennessee & Kentucky. Please don't keep me a secret, if you know anyone looking to BUY or SELL, Please send me their contact informtion and give them my name and number.

View my website at Clarksville Home Information or Fort Campbell Housing

Roland Woodworth is a member of NAR's Short Sales & Foreclosure Resource