An exclusive buyer's agent is a real estate professional who represents only the interests of home buyers in a transaction.
Full definition
Today, more and more consumers are hearing
about exclusive buyer agents because of the Internet, because of the increased exposure from the media and from consumer groups and consumer advocates.
That helps cut maintenance, at least in the near term, says Benjamin Clark, president of the National Association
of Exclusive Buyers Agents in Avondale, Ariz..
Request a free personal home buyer consultation, and we will connect you with the Massachusetts or New Hampshire
exclusive buyer agent who is the best fit for your situation.
Speaker 1:
Exclusive buyers agents show all properties meeting your criteria by any real estate company, and also show you for sale by owner properties, pre-foreclosures, bank - owned foreclosures, short sale properties, and more.
In parts of the country where Dual Agency is not allowed, some brokerages specialize, operating
as exclusive buyer agents and do not work with sellers at all, or work exclusively with sellers.
While taking a survey of buyers and agents, The National Association of
Exclusive Buyer Agents found that 82 percent of homebuyers were more likely to be distracted from the flaws or issues of a home when the house was staged.
If you are looking for a home or condo in the Providence, Rhode Island area, or surrounding RI neighborhoods or Southern Massachusetts in the next 90 days and would like to be represented by a
Certified Exclusive Buyer Agents (Trained in «Negotiation» for representing ONLY BUYERS 100 % of the time!)»
A 2007 report by the National Association
of Exclusive Buyer Agents, for example, showed that staged homes fetched higher sale prices than un-staged homes.
The only way the consumer can really be sure that they're working with a
truer exclusive buyer agent is to confirm that neither that agent nor the company they work for lists any properties or represents any sellers.
Also known as «EBA's» (
Exclusive Buyer Agents).
The National Association of
Exclusive Buyer Agents (NAEBA) is a professional organization of real estate buyer agents and buyer brokers who only represent home buyers.
Another resource is the National Association of
Exclusive Buyer Agents.
For more information, use the following link to read a Merrimack Valley Magazine article about
exclusive buyer agents and watch below to see what the media and consumer groups have to say about using an exclusive buyer agent.
I hope that one of those people they interview is
an exclusive buyer agent at Buyers Brokers Only.
Rick Shaffer: Explain the difference between a designated buyer's agent and
exclusive buyer agent and why the exclusive buyer agent, I assume on that I'm quite clear, is much better than having a designated buyer agent.
When you're working with
an exclusive buyer agent, that means not only are they a buyer agent, but every one in the office, everyone in the company, is a buyer agent, that they never represent sellers.
An exclusive buyer agent will spot potential problems with a home or any material defects.
Simply put, there isn't any reason not to have
an exclusive buyer agent represent you and many important reasons to have an exclusive buyer agent.
Remember, not all buyer agents are
exclusive buyer agents.
Rich Rosa, co-founder and co-owner of Buyers Brokers Only, LLC, discussed a variety of home - buying topics, including using
an exclusive buyer agent, the Boston real estate market, the importance of a real estate lawyer, first - time home buyer and other mortgage programs, for sale by owner (FSBO) properties and attending open houses without buyer representation, with The Money Show host Rick Shaffer.
Host Rick Shaffer discussed a variety of home - buying topics, including using
an exclusive buyer agent, the importance of a real estate lawyer and attending open houses without buyer representation, with Rich Rosa, co-owner of Buyers Brokers Only, LLC.
There's what's called a designated buyer agent, and then there's
an exclusive buyer agent.
They could have a designated buyer agent, or
an exclusive buyer agent.
An exclusive buyer agent has no interest in you buying any particular piece of property, so a buyer agent will provide you with objective advice.
Although the benefits of
an exclusive buyer agent are obvious, remarkably many individuals do not know they can have their own real estate agent who will look out for their best interests.
An exclusive buyer agent only represents buyers, and everyone in his or her office also represents only buyers, not ever sellers, and looks out for the buyer's best interest at all times.
An exclusive buyer agent is paid the same seller - authorized commission split that is offered across the board to any agent who brings a buyer, so a buyer's agent does not collect any fees from the buyer.
With
an exclusive buyer agent, those conflicts don't arise because they work at a firm where they're only representing buyers.
You also can read what many media outlets have said about using
an exclusive buyer agent.
An exclusive buyer agent will pass along any information about the seller or his or her property to help the buyer make a smart decision and get a good deal.
This expansion of mandatory arbitration drew criticism from the National Association of
Exclusive Buyer Agents, which complains that the new procedure favors traditional practitioners at the expense of exclusive buyer's agents who represent only buyers and never sellers.