Buyer's Agency: What is it?

• A buyer agent (sometimes referred to as buyers agency) represents the buyer in a real estate transaction. Buyer agency is defined as follows: A principle agent relationship in which the broker is the agent for the buyer, with fiduciary responsibilities to the buyer. What does this mean? It means that a buyer agent is tied to the buyer, and that all of that agent's loyalties are to the buyer.
• The sellers' agent or the listing agent represents the seller, not the buyer, and his or her loyalties are to the seller. They must tell the seller anything you, the buyer tells them, even if it hurts your negotiating position.
• Although the benefits of a buyer agent are obvious, remarkably many individuals do not know they can have their own real estate broker who will look out for their best interest.
• Simply put, their isn't any reason not to have a buyer agent represent you and many important reasons to have a buyer agent. A buyer agent represents the buyer only not the seller, and looks out for the buyer's best interest at all times.
• A buyer agent has a duty and obligation to get the best deal for the buyer.
• A buyer agent is paid the same seller - authorized commission split that is offered across the board to any broker who brings a buyer, so a buyer's agent does not collect any fees from you the buyer.
• A buyer's agent will pass along any information about the seller or his or her property to help the buyer make a smart decision and get the best deal.
• A buyer's agent has no interest in you purchasing any particular piece of property, so a buyer's agent will provide you with objective advice.
• David McNeese and the Charter Group works almost exclusively as buyers agents. We feel you deserve and need someone working for you!