By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent
As of 1994, the state of Utah authorized Buyer's Agency. In Utah County, and throughout the state, buyers can choose an agent to work exclusively on their behalf. Buyer agency benefits include:
•· Buyer's agents are almost always paid out of the proceeds of the sale by the seller or builder, so we always recommend using a Realtor, as it will cost you nothing extra.
•· Many people do not realize that it is advantageous to have an agent on a new home purchase as well. I have gone to bat for my clients on a number of occasions when there were problems with home builders. Salespeople who work for the builder are usually very ethical they are also employees of the builder and are bound by their relationship to their employer. They do not specifically represent the home buyer like I do.
•· Buyer's agents have certain responsibilities that are defined by the Utah Real Estate commission, which regulates all Utah Realtors. First and foremost, we are required to place your needs above our own when representing you in a real estate transaction. I owe you:
•o Loyalty
•o Obedience
•o Disclosure
•o Confidentiality
•o Reasonable Care & Diligence
•o Accounting on all Matters
•· The buyer's agent must treat all parties in the transaction honestly and fairly.
•· Buyer's agency is usually provided at absolutely NO COST to you, the home buyer.
Remember when looking to purchase a new home always consider using a Buyer's agent during the transaction.
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