Exclusive Buyer’s Broker
Buyers Trust Real Estate & Investment is an exclusive buyer’s broker, neither the broker nor his agents will ever represent sellers.
According to Wikipedia, “A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent. In the United Kingdom and Australia, the most common term is buying agent.
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Why You Should Hire an Exclusive Buyer’s Broker
Buying a new home requires you to pay attention to many details. The first thing that you need to check is whether the broker you are thinking of hiring is a buyer’s broker or a dual agent. It is always better to hire an exclusive buyer’s broker to represent your interests rather than a dual agent. The reasons for this are listed below:
- There is no conflict of interest
A broker has several agents working for him. In the dual agency case, the broker and his agents represent both the buyer and the seller. There is a conflict of interest because the broker has to work towards satisfying the demands of both the parties. If you choose an exclusive buyer’s broker, you can be assured that he will represent only your interests. As there is no conflict of interest, you are likely to get a better deal. The buyer’s broker always negotiates exclusively for you and acquires the best price and terms of transaction.
- You can make an informed decision
The exclusive buyer’s broker can educate you about the latest market conditions and the terms you can expect from a seller during a transaction. You gain awareness about the property rates in different areas. The home buying process can be explained clearly to you by the broker who comes with a lot of experience in this field. Equipped with this knowledge, you can make an informed decision while purchasing a property.
- You can get a property at a fair price
Property purchase is quite an expensive transaction and if you pay more for a home because of being unaware, you can lose a lot of extra money. By selecting an exclusive buyer’s broker, you can be sure to get a property at a fair price. This is because the broker performs market price comparisons and does not let you over-pay for a property. He protects your interests and keeps your budget confidential.
- Fiduciary duties are fulfilled by the broker
The broker maintains a strong work ethic and shows a high level of dedication and protection towards his clients. You cannot get such loyalty, obedience and confidentiality with any other type of real estate agency. The broker can make disclosures to you that can significantly benefit you materially. This is not allowed to dual agents who represent the interests of the buyer as well as the seller.
These are some of the important advantages that you can get if you choose an exclusive buyer’s broker. Buyer’s Trust Real Estate & Investment is an exclusive buyer’s broker company that fully protects the interests of its clients.