| What is Buyer Agency? |
Buyer Agency
1. What is "buyer agency"?
Buyer agency is the highest level of client representation afforded to a buyer by a
real estate professional. When you engage a "buyer's agent" your real estate
professional is required to represent your interests as long as those interests are
not illegal.
2. Why is this of value to me as a buyer?
The seller of a property is represented by the "listing agent." In negotiating price
and terms, the seller has an advocate to represent their interests, but, unless you
have executed a buyer agency agreement with your agent, your interests may not
be represented.
3. What is required of me as a buyer to be afforded this level of representation?
A written and signed "buyer agency" agreement is required by Georgia law.
4. What will a real estate professional do for me as my buyer's agent?
You will be afforded a higher level of service. Your buyer's agent will analyze
information such as comparative market data, advise you on negotiating and
wording a purchase agreement, and, in general, act as your advocate in the
purchase process.
5. If I decline "buyer agency," who represents my interests?
If you decline "buyer agency," you will not have a representative to look out for
your best interests. In fact, your agent may be required by law to represent the
interests of the seller.
6. How much does this higher level of representation cost me?
Actually, in 99% of all residential real estate transactions, the seller pays all
commissions and the buyer receives the full benefit of professional representation.
You may want to instruct your agent to show you only those properties for which
the seller has agreed to compensate the buyer's agent.
Your buyer's agent will address cost and any other questions at the time you are
presented the buyer agency agreement. Be sure to ask your buyer's agent every
question you have no matter how basic it may seem. Your buyer's agent represents
you!
7. What are my responsibilities as a buyer in this agreement?
In this agreement, you agree to handle all real estate concerns through your agent.
You agree neither to seek real estate information nor to view or purchase any
property without your buyer's agent.
8. Who decides if I am represented or not?
As the buyer, you alone may make that decision.
9. Why would someone not want to be represented by a buyer's agent?
We have yet to hear a good reason why a buyer would refuse representation. In our
experience, buyers without buyer's agents simply have not been informed that they
have a right to be represented.
10. How do I find a buyer's agent to represent me?
Click Here
1. What is "buyer agency"?
Buyer agency is the highest level of client representation afforded to a buyer by a
real estate professional. When you engage a "buyer's agent" your real estate
professional is required to represent your interests as long as those interests are
not illegal.
2. Why is this of value to me as a buyer?
The seller of a property is represented by the "listing agent." In negotiating price
and terms, the seller has an advocate to represent their interests, but, unless you
have executed a buyer agency agreement with your agent, your interests may not
be represented.
3. What is required of me as a buyer to be afforded this level of representation?
A written and signed "buyer agency" agreement is required by Georgia law.
4. What will a real estate professional do for me as my buyer's agent?
You will be afforded a higher level of service. Your buyer's agent will analyze
information such as comparative market data, advise you on negotiating and
wording a purchase agreement, and, in general, act as your advocate in the
purchase process.
5. If I decline "buyer agency," who represents my interests?
If you decline "buyer agency," you will not have a representative to look out for
your best interests. In fact, your agent may be required by law to represent the
interests of the seller.
6. How much does this higher level of representation cost me?
Actually, in 99% of all residential real estate transactions, the seller pays all
commissions and the buyer receives the full benefit of professional representation.
You may want to instruct your agent to show you only those properties for which
the seller has agreed to compensate the buyer's agent.
Your buyer's agent will address cost and any other questions at the time you are
presented the buyer agency agreement. Be sure to ask your buyer's agent every
question you have no matter how basic it may seem. Your buyer's agent represents
you!
7. What are my responsibilities as a buyer in this agreement?
In this agreement, you agree to handle all real estate concerns through your agent.
You agree neither to seek real estate information nor to view or purchase any
property without your buyer's agent.
8. Who decides if I am represented or not?
As the buyer, you alone may make that decision.
9. Why would someone not want to be represented by a buyer's agent?
We have yet to hear a good reason why a buyer would refuse representation. In our
experience, buyers without buyer's agents simply have not been informed that they
have a right to be represented.
10. How do I find a buyer's agent to represent me?
Click Here
| Copyright © 2007 Katharina Pramor This website IS NOT the official website of Coldwell Banker Residential Brokerage or its affiliated companies, and neither Coldwell Banker Residential Brokerage nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any products and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than Georgia. Coldwell Banker Residential Brokerage is owned and operated by NRT, LLC. Equal Housing Opportunity Information deemed accurate but not warranted. Information subject to changes and withdrawals without notice |
