Why
you should use an Accredited Buyer's Representative (ABR)
A real estate agent is licensed to negotiate and transact the sale of real
estate on behalf of the property owner - even if you hire them to help you
purchase a house.
A buyer's representative represents the consumer who is purchasing property, not
the seller. Although state law varies, a buyer's representative usually works
for and owes fiduciary responsibilities to the real estate buyer. It is the
buyer representative that has buyer's best interests in mind throughout the
entire real estate transaction.
If you would like to know if you are working with an ABR representative before
looking for a home, look for the letters ABR after the Realtor’s name. The ABR
designation is awarded by REBAC to those REALTORS who have met the specific
educational and experiential criteria needed to provide the high-level quality
service required by REBAC (Real Estate BUYER'S AGENT Council).
Buyer’s Agent
-
A Buyer agent is simply an agent who works for YOU until you find your home.
-
Until around 1995, Realtors® always worked for the seller. So, while an agent
could spend hours getting to know you, they owed their fiduciary
responsibility, loyalty, and confidentiality to the only client, THE SELLER.
-
Once you decide your would like for your Realtor® to be your Buyer’s agent
your relationship changes from a customer to a client.
-
Having your own representation doesn’t have to cost you a penny more than
having someone working for the Seller.
-
99% of the time the commission is built into the sale and the agent is paid
out of the proceeds of the sale.
Remember, when you’re sick, you consult a doctor. When you need legal advice,
you consult an attorney. So when you’re looking to purchase your largest
possession, don’t go it alone! Work with someone who will put your needs first!
For a free report on Buyers Agency please
click here.
