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A brief
comparison of the different types of
agents you will encounter while you are
hunting for your home.
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These agents work ONLY
for the buyer. They usually will work
for a firm that represents buyers only.
They will never take a real estate
listing, nor will the firm they work for.
Exclusive Buyer's Agents are bound by a
strict standard of practice and code of
ethics (NAEBA). These agents will
negotiate the best price and best terms
for their client, the buyer. They will
also advise buyers why they should not buy
a property and point out the flaws with a
property - This is at no extra cost to the
buyer.
Exclusive Buyer's Agent = 100% loyalty
100% of the time. |
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These agents work in real
estate offices where listing agents also
work. They can work as a buyer agent or a
listing agent. They will change hats to
suit the buyer or seller, but does that
really mean loyalty? |
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This agent will list real
estate and also show real estate. Make no
mistake, this agent only works for the
seller. This agent signs a contract with
the seller to list their home and get the
highest possible price. Why would a buyer
ever go see a home with this kind of
agent?
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Agents who attempt to
represent both the buyer and the seller in
the same deal. Under this situation both
the buyer and the seller give up their
rights to representation. The only one who
wins here is the agent.
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