A buyer’s agent represents you, the buyer, not the seller, and has full fiduciary duties, including loyalty to you. By definition, the buyer’s agent has your best interests in mind throughout the transaction. The percentage of homebuyers with buyer representation has grown significantly in the past decade. According to a recent National Association of Realtors® survey, nearly half (46%) of home buyers used the services of a buyer’s agent last year, and four out of every five buyer’s agent agreements were in writing.
The benefit of buyer representation is the dedication of a buyer’s agent to the home buyer. The buyer’s agent and homebuyer establish a mutual agreement, known as a buyer agency agreement, that will entitle the homebuyer to, but is not limited to...
LOYALTY. The real estate agent must act in the best interest of the buyer.
DISCLOSURE. All material facts such as relationships between agent and other parties, the existence of other offers, the status of earnest money, seller’s financial condition, property’s true worth, commission split with other brokers, and legal effect of important contract provisions.
CONFIDENTIALITY. Any discussions, facts, or information that should not be revealed to others but does not include the responsibility of fairness and honesty in dealings with all parties.
ACCOUNTING. In dealings, reporting where any money is placed in the hands of the broker.
REASONABLE SKILL & CARE. Arriving at a reasonable purchase price and advising the buyer of such, affirmatively discovering material facts and disclosing them to the buyer, while investigating the material facts related to the sale. With a buyer agency, the interests of the homebuyer will be represented in the purchase of the home. This scenario is different from a typical transaction where the buyer is not technically represented.
This content last updated on Tuesday, March 28, 2023 1:15 PM from Realtracs.
This content last updated on Thursday, January 19, 2023 1:30 PM from RASK.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Franchise Offices are Independently Owned and Operated. The information provided herein is deemed accurate, but subject to errors, omissions, price changes, prior sale or withdrawal. United Real Estate does not guarantee or is anyway responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. Please verify all facts with the affiliate.
Copyright© United Real Estate
If you are using a screen reader, or having trouble reading this website, please call our Customer Support for help at 888-960-0606 .
Web Content Accessibility Disclosure Statement:
We strive to provide websites that are accessible to all possible persons regardless of ability or technology. We strive to meet the standards of the World Wide Web Consortium's Web Content Accessibility Guidelines 2.1 Level AA (WCAG 2.1 AA), the American Disabilities Act and the Federal Fair Housing Act. Our efforts are ongoing as technology advances. If you experience any problems or difficulties in accessing this website or its content, please email us at: firstname.lastname@example.org. Please be sure to specify the issue and a link to the website page in your email. We will make all reasonable efforts to make that page accessible for you.
Leave a message for Nicole