What Is A Real Estate Buyer's Broker?

My Commitment To You

About Oriental and Pamlico County

>>>Search the MLS for ALL Listings In The Area

Featured Communities & Unique Properties

Monthly Highlights

Directions

Contact

Home


 

 



What Is A Real Estate Buyer's Broker?

Exclusive Buyer Brokers are dedicated to providing client-level services when representing buyers exclusively and whose real estate companies do not accept seller-property listings. An Exclusive Buyer Broker owes full fiduciary duties, including undivided loyalty to a Buyer-Client. Exclusive Buyer Brokers can assist you with planning, locating property, negotiating price and terms, financing, inspections and more. The buyer broker works for the buyer client and has the client's best interest in mind through the entire real estate transaction. Insist on your full representation and the protection of your interests. Whether you are a first time home buyer, an old pro looking for real estate or you're out to just buy a home the best way possible, you owe it to yourself to see how an Exclusive Buyer Broker can be your best answer in not just wading through the complexities of real estate transactions but in educating you on the market area with which you may be totally unfamiliar.

Why Should I Use One?
As a consumer, how often do you buy real estate? Once, twice, three times in your lifetime? Purchasing real estate is a complex and major transaction with many details to be handled. In the majority of cases the seller will be represented. Wouldn't you want to have complete and full representation in the real estate transaction? Wouldn't you want your broker on your side?

A real estate Buyer's Broker is responsible for protecting their client's best interests. Research by the NATIONAL ASSOCIATION OF REALTORS® has shown that when a Buyer's Broker was used, the prospective buyer found his home one week faster and examined three more properties than those consumers who did not use a Buyer's Broker.

Buyer Brokers are in demand!

  • 46% of buyers who used the services of a real estate professional authorized their real estate agent to represent them through a Buyer's Broker agreement.
  • 69% of those who signed a buyer representative agreement said they were satisfied with the services and would definitely use the same agent again.
    (Based on the 2001 NAR Profile of Home buyer's and Buyer Brokers.)
How is a Buyer's Broker Compensated?

You may be wondering how a Buyer's Broker is compensated. In almost all cases the Buyer's Broker is paid by the seller through the listing company who has the listing. If a property is not listed through a Multiple or Community Listing Service, such as a home that is a "for sale by owner", it is the obligation of the Buyer's Broker to seek commission from the seller prior to the start of any negotiations. If the commission can not be negotiated on a "for sale by owner" property, the buyer would be responsible for the commission to the Buyer's Broker and would, of course, possibly offer less for the property. It is my policy to adhere to the recommendations of the National Association of Realtors by having buyers enter into a written agreement which clearly explains the responsibilities of both parties. For a copy of such an agreement, called an Exclusive Buyer Agreement, call or e-mail me and one will be sent to you.

Why you should use an Accredited Buyer's Representative (ABR)

Why should you look for the ABR designation before looking for a home? These three letters after a REALTOR's name tell you that you will be working with a buyer representative who is committed to your best interests. 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).


Carol Wright • Oriental Buyers' Broker
Exclusive Buyer's Agent
P.O. Box 71 (502 Main Street, Suite 1) Oriental, North Carolina 28571
Business: 252-249-1700 • Fax: 252-249-1118 • Mobile: 252-670-9709
email info@orientalbuyersbroker.com



Copyright © 2008, Carol Wright