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"A conflict of interest is more
likely when a real estate firm that represents sellers assigns you one of
its brokers as a buyer agent. That's why many people believe an "exclusive"
buyer broker is preferable. If there aren't any in your area, and you have
to use a listing broker, "make sure they disclose when they are showing you
properties they have a financial interest in," says Stephen Brobeck,
executive director of the Consumers Federation of America." Business Week
"Agents: How to hire one for your side." "Most agents who show you homes
don't represent your interests. They work for the seller, and their object
is to sell the house for the highest possible price." USA Today
"You have a whole new evolution of practice in the marketplace," said Sharon
Millet, a Maine real estate broker who headed the 22–member NAR task force
that issued the report. Millet said that the report's recommendations are
designed to give home buyers and sellers easier access to the "kind of
representation" that they want." Washington Post
'Buyer Advocacy appears to be taking off." "I'll never buy a house any other
way." – Mrs. Renee Talley, Highland Park TX Wall Street Journal "Exclusive
agencies are the best. They remove any conflict of interest, which is the
main reason for considering a buyer broker in the first place. Kiplinger's
CHANGING TIMES
"To Buyers: If you want representation, work with a buyer broker. They are
legally obligated to represent your interests in any negotiations with
sellers." The Consumer Federation of America " Groups such as the Consumer
Federation of America and AARP recommend using buyer's agents. SmartMoney
Magazine , June 1995
"Many people don't realize that, unless specifically stated otherwise,
brokers are legal representatives of sellers. A buyer broker, representing
only the buyer, may be able to secure a better price and better terms."
Good Housekeeping
"When one salesperson has a home listed for sale, and another salesperson
working for the same brokerage locates a buyer, the second salesperson can't
be a true buyer's agent. Why? Because both people work for the same
brokerage. A "dual agency" with both buyer and seller is the usual solution.
To solve this problem, a few states are experimenting with laws allowing the
agent who finds a buyer for a home listed with the same brokerage to be a
fully disclosed buyer's agent for the buyer. This "legal fiction" enables
the buyer to work with his own agent who, by law, doesn't also represent the
seller." Robert J. Bruss – Real Estate Weekly/The Virginian–Pilot
"Buyer brokers: agents that buyers can call their own...If your real estate
agent isn't a buyer broker, he works for the seller...Buyers no long have to
fend for themselves." U.S. News & World Report
"Level the playing field when you buy a home...You may get a better deal
with your own broker pulling for you...The introduction of buyer brokers
takes a horribly one–sided process and simply makes it fair," says one
broker." Medical Economics
"Buyer brokerage is becoming accepted. Unlike traditional real estate
arrangements, under which the agent works for the seller, buyer brokers work
for the buyer." Florida TODAY
"Confusion often arises because many buyers believe that the agent who shows
them houses works on their behalf. In fact, subagents of the listing broker
– often they are agents who work for another office – also act on behalf of
the seller." New York Times May 19, 1995 We all know that dual agency is not
legally definable in the real world. We should not offer anything less than
100% client–level services to our buyer/seller clients. We should reject all
anti–consumer proposals that do not offer our clients protective fiduciary
duties and responsibilities." Robert McAvoy – President of the New
Hampshire Assoc. of Exclusive Buyer Agents
" Buyer brokers have the buyer's interests in mind. They act as a personal
advocate, hunting for the right house and haggling with the seller's agent.
In fact, a 1992 study by a national long distance phone company, found that
200 relocating workers who used buyer brokers paid an average of 91% of the
offering price, whereas those using traditional brokers paid 96%."
Diversion Magazine for Physicians
Home Buying
& Home Building Seminars
FOR
HomeBUYERS, Inc.,
An EXCLUSIVE Buyer's Only Real Estate Agency,
Serving
Raleigh-Durham-Triangle, North Carolina (NC)
Are you considering relocating, buying or
building a new home in Raleigh-Cary-Durham-Chapel Hill, the
Research Triangle area of North Carolina?
FOR HomeBUYERS.
Inc., our Exclusive Buyer Real Estate Agency will
represent YOU 100% throughout the entire home buying or home
building process. As a 14 year old Raleigh, NC based Real Estate
Agency we have Exclusive Buyer Only Real Estate Agents who serve
Raleigh, Durham, Cary, Apex, Chapel Hill, Garner, Holly Springs,
Fuquay Varina, Wake Forest, Knightdale, Wendell, Zebulon,
Hillsborough, Clayton, Wake County, Durham County, Orange County,
Chatham County, Johnston County, North Carolina (NC).
Our Triangle Real Estate Agency
Service Area.
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FOR HomeBUYERS,
Inc
Raleigh Real Estate Agency
4000 Wake Forest Road, Suite
112 | Raleigh, North Carolina NC (USA)
27609
(919)
878-1110 or
Toll Free: 800-333-2893
http://www.forhomebuyers.com/
info@forhomebuyers.com
