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THE EXCLUSIVE BUYER’S AGENT

If you are interested in buying real property, it is in your best interest to seek out and hire a real estate broker as an exclusive buyer’s agent.

Our definition of an exclusive buyer's agent is an agent who acts solely on behalf of the buyer. You can authorize an exclusive buyer's agent to do other things including hire subagents, or to work with other agents such as seller's agents on a cooperative basis. Buyer brokers represent the buyer exclusively.

Buyer brokers do not sell real estate. They provide a service. The buyer broker provides pertinent information for the buyer-client to be able to make an informed decision on whether or not to purchase the proposed property.

Buyer brokers are paid professional consultants. They never pressure their client to make a decision to purchase a particular property. When appropriate, and without exerting undue pressure, the broker must advise the buyer-client of the ramifications of such acts as delaying decisions and making inappropriate offers.

A buyer broker is responsible for the researching a property and its surroundings to discover material information of interest to the buyer-client prior to a buyer-client making an offer to purchase.

The buyer broker has the responsibility to make sure their buyer-clients never unknowingly over pay for the property being purchased. If the buyer broker knows of any information regarding the seller's willingness to accept less than the listed price, it is their fiduciary responsibility to inform the buyer-client of such information

A buyer broker must always be loyal to the buyer, never doing anything that would intentionally jeopardize the buyer-client's best interests.

A buyer broker must disclose any information he/she knows about the seller to the buyer-client.

A buyer broker must keep all sensitive information concerning his/her client confidential, unless the client has given the buyer broker permission to disclose such information.

The buyer broker is bound by contract to perform in behalf of the buyer. A buyer should always insist on having a contractual relationship with the buyer broker. This contract fully obligates and defines the legal responsibilities of the buyer broker.

To view or print a copy of the agreement click here. (Note: the agreement will open in a separate window without graphics to facilitate printing.)