BUYER AGENCY
Are you a CUSTOMER or CLIENT?

As a buyer, when you work with a real estate licensee, do you want to be treated as a customer or a client?

An agent owes certain duties to a client but has a different obligation to a customer. A customer is a person who seeks to purchase real estate, but has NOT established an agency relationship and is NOT represented by an agent. A customer can expect the licensee to provide honest information but cannot expect the licensee to act as an agent or to negotiate the best price in a purchase.

A real estate licensee is obligated by law to treat customers and clients honestly, to disclose known material facts about the property, and to promptly present all offers to the seller.

A client is a person who, by mutual written agreement, establishes an agency relationship with and agrees to be represented by an agent in a real estate transaction.

In addition to honesty, discloser of known material facts about the property, prompt presentation of all offers, the client is entitled to fiduciary client level services that include:

Loyalty
Act solely in the best interests of the client.
Obedience
Must follow all lawful instructions.
Disclosure
Disclose affirmatively all information concerning the transaction that might affect the client's best interests.
Confidentiality
Any facts, personal information or discussions that should not be revealed to others, but does not include responsibility of fairness and honesty in dealings to all parties.
Accountability in dealings
Promptly report to the client all money and property received and paid out; safeguard any money or property held on behalf of the client

When I contract the services of Buyer Broker how do I (the Buyer) benefit?

Your agent:

• is an advocate for YOU .
• educates YOU about the local market, the home-buying process, and recommends tax-saving strategies.
• locates properties that suit YOUR needs.
• furnishes marketing data.
• advises and consults.
• structures the purchase offer.
• negotiates the best possible price, terms and conditions.
• handles all of the details.
• can legally disclose pertinent property information that would otherwise not be available to YOU.

What is the cost for this service?

In most cases, there is absolutely no cost for this service if the property is listed and the seller has agreed to pay a commission to your agent. If your agent finds you a suitable property, with no previous commission agreement, then you would, in that case, pay a commission, typically less than a listing commission because there are no additional expenses such as marketing and advertising.

Sellers list their homes with real estate agents to assure professional representation throughout the home selling process. As a buyer, you deserve the same kind of service.

"Put my experience, creativity, knowledge and strong negotiating skills to work for you."
Teri McCarthy, Accredited Buyer Representative

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