CHOOSE AGENT CAN YOU GUESS WHICH AGENT IS THE EXCLUSIVE BUYER AGENT? 

Buyers -- BEFORE you begin to search for a home, hire an agent that specializes in the representation of buyers.  

Selecting an agent to represent you should not be left to guess work.  Not all "Buyers Agents" are the same.  

  Make sure that the agent that you select is working for YOU!

  To insure that the agent you hire is looking out for your best interrests, make sure that your are working with an Exclusive Buyer's Agent.  

     Only an agent who works in an office that does not practice "disclosed dual agency" can provide undivided loyalty to the Buyer.   

New Hampshire law, RSA 331-A:2  defines Disclosed Dual Agency ...

"Disclosed Dual Agent" means a licensee (agent) acting for more than one party whose interests may differ in a transaction with the knowledge and written consent of all parties for whom the licensee (agent) acts.  This means that the same agent/company that is representing you is also representing the Seller.  It is like a lawyer trying to represent both parties.  There is a great likelihood of conflicts of interests with disclosed dual agency. 

Below are some questions to ask when interviewing agents:

  • Do you or anyone in your company represent the Seller or take listings?
  • If you represent me as a Buyer's Agent and I chose to purchase a property listed with your office, can you guarantee I will not end up in a "Disclosed Dual Agency"?
  • Will you ask me to sign an Agreement Consenting to Disclosed Dual Agency?
  • If I did sign an agreement Consenting to Disclosed Dual Agency, who would represent me?
  • In a Disclosed Dual Agency relationship, could you help me in determining the best price and terms relative to the property and help me with develope an effective negotiating strategy?  Could you be my advocate if any inspection issues or other issues arise?
  • How many homes have you sold in the past year?  How many times did you represent the Buyer only? For those homes sold in the last year, how many resulted in a "disclosed dual agency"?
  • Do you like working with Buyers?
  • What Buyer Agent courses have you taken?  What Buyer Agent designations do you have?  What was required to get the designation? 
  • How many "negotiation" classes have you completed?
  • How long have you been representing Buyers?  
  • How many transactions have you closed in the past year where you have represented the Buyer only?
  • Do you use the same Purchase and Sales agreement with Buyers that you use with Sellers?
  • What contract clauses do you include in an offer that will protect the Buyer?
  • Will you show the Buyer "For Sale by Owner" properties and represent the Buyer if the Buyer wants to purchase a "For Sale by Owner" property?
  • What property records do you routinely provide to Buyers?
  • Will you present the Buyer's offer to the Seller in person?

 

________

(c) 2007-2008  JOAN WHITEBOOK

     

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This post has been included in New Hampshire Real Estate News

14 Comments on NEW HAMPSHIRE BUYERS ~~~HIRE A BUYER AGENT

MAR
25
2007
117,400 Points 8 Featured Posts

Excellent questions, Joan.  Thank you for sharing these with us. 

11:28pm • #1
MAR
26
2007
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master
Hi Stefan:  Thanks for commenting on this post.  I hope all is well with you.  What do you think about AR?  Have you seen any change in your business? 
7:17am • #2
117,400 Points 8 Featured Posts

Joan,

We are having a great year so far here in Michigan, despite the weak economy and real estate market.  Although I can't attribute any business specifically to AR, my AR blog and profile is showing up in the major search engines for various popular search terms.  I have enjoyed blogging and sharing here on AR.  I look forward to meeting you, perhaps at the NAEBA convention in Las Vegas this November?
8:53am • #3
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master
Hi Stefan -- I would love to get to Las Vegas in November -- I haven't been there in a long time!   By the way, my best friend from San Francisco used to live in St. Joe as well as the attorney I worked with for many years before moving to NH.   Take care.
9:12am • #4
138,475 Points 14 Featured Posts Outside Blog
Hi Joan, how do feel about NH looking into transactional brokerage and designated agency?
2:18pm • #5
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master
Hi Jay -- I would love to discuss my thoughts with you.  Give me a call when you get a chance.
7:35pm • #6
APR
07
2007
This was very informative.  I don't live in your state, but I will certainly use this list of questions when I talk to agent.  I didn't realize how important it is to know whether or not an agent works more with sellers or with buyers.  Thanks.
andrea
8:58pm • #7
APR
08
2007
138,475 Points 14 Featured Posts Outside Blog

Hi Joan,

               We were away to Myrtle Beach and I never saw yor response and I will try and touch base with you this week.

Thanks Jay
5:42am • #8
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Hi Jay  (and Monika)

   I hope you and Monika had a good time in Myrtle Beach.  I am sure it was warmer than NH.  However, spring is around the corner.  May you both have a happy Easter and I look forward to talking with you.
7:34am • #9
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master
Andrea:  I am glad that you found this article to be of benefit to you.  Good luck.
7:38am • #10
APR
22
2007
Hi Joan:  My names is Tricia and I just want to tell you how helpful this article was.  Thank you for providing such a valuable tool
Tricia Connelly
9:58pm • #11
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Tricia:  I am glad that you found my blog.  Hope you are sucessful in finding an agent who can assist you and represent your interests.

 

 
10:07pm • #12
APR
29
2007
I don't know why anyone would think of buying a home without an exclusive buyers agent.  I am going to look for one here in San Francisco.  It is the only way to buy a home. 
yvonne
11:38pm • #13
MAY
06
2007
867,011 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master
Yvonne:  If you are looking for an exclusive buyer's agent in SF, please give me a call and I will be happy to assist you.
10:38pm • #14


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Joan Whitebook

Nashua, NH

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BHG The Masiello Group

Address: 436 Amherst Street, Nashua, NH , 03063

Office Phone: (603) 889-7600 x 9454

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