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BuyersTrust.com ranks products
by the features you need, then finds the lowest price. We aren't just
Comparison Shopping... we're shopping beyond compare!
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Protect yourself from Identity Theft!!
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The Difference
Between An Ordinary Agent And An Agent Who Is 100% Committed To Assisting
Buyers
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Ordinary
Agent
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Exclusive
Buyer's Agent
100% Committed
to the Buyer
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Can
show you all the homes in the MLS (Multiple Listing Service). |
Will
show you all the homes in the MLS, For Sale By Owner properties, foreclosures,
even properties that are not on the market! |
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Can
tell you the price the seller's are asking for homes but cannot suggest
an offering price. |
Will
tell you the price the seller's are asking for homes, will calculate the
fair market value of the home for you, and assist you in developing
an offering price by using comparable sales data. |
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Can
provide "raw" information on comparable homes that have sold in the area.
Not allowed to interpret that data for you. |
Will
provide and interpret information on comparable homes that have
sold in the area and help you formulate an offering price and negotiating
strategy. |
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Can convey your offer to
the seller or their agent and convey their response back to you. |
Will guide you through
the entire negotiation process offering advice and information every step
of the way! |
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Can
provide you with a "list" of title companies, home inspectors, and other
professionals for you to choose from. |
Will
recommend title companies, inspectors, and other professional services
you will need! |
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Can
tell you some general information about the seller. |
Can
tell you everything they can find out about the seller and their
motivation for selling! |
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Must
tell the seller everything they know about you, your financial status,
and your motivation for buying. |
Will
keep any information about you confidential if it would weaken your
negotiating position! |
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"Thinks"
in Seller's terms (i.e.: Get the highest price possible for the home) |
"Thinks"
in Buyer's terms (i.e.: Get the lowest possible price and best terms for
the Buyer, not the Seller). |
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Why
EBA? - Exclusive Buyer's Agency
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An
example of agency law (each state has different laws):
As of October 1, 1997, the
new real estate agency law in Florida makes a presumption of non-representation.
Unless you engage a licensee to represent you in a real estate transaction,
you are not represented. This law also creates the role of "transaction
broker". A transaction broker cannot represent one party to the detriment
of the other. Transaction brokers provide limited representation to a buyer,
seller, or both in a real estate transaction, but cannot represent either
in a fiduciary capacity as a single agent.
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Exclusive buyer's agents represent buyers
only. We never represent sellers and do not take listings. We are not sales
people. Instead, we act as consultants, advisors, and negotiators for the
buyer. Our expertise and knowledge of the market allows us to provide unique,
client level services while protecting the financial interests and personal
needs of the buyer. We give sound professional advice that helps you make
intelligent decisions. The charts below illustrate some of the differences
between an exclusive buyer broker and other types of agents.
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Protect
Your Rights and Pocketbook
With An Exclusive
Buyer's Agent |
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Services/Duties
Provided to Buyers |
Transaction
Broker |
Exclusive
Buyer Agent |
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Arrange
property showings |
X |
X |
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Assist
with financing |
X |
X |
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Provide
property data |
X |
X |
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Explain
forms/agreements |
X |
X |
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Monitor
closing details |
X |
X |
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Represent
buyers on MLS listed properties PLUS bank properties, auctions, FSBOs,
new construction |
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X |
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Prepare
property value study |
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X |
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Promote
and protect buyer's interest
AT ALL TIMES |
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X |
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Advise
the buyer even if it means pointing out reasons not to buy |
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X |
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Disclose
all research about property
history and liens |
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X |
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Always
structure offer with buyer's best
interest in mind |
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X |
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Negotiate
in favor of buyer for best
price and terms |
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X |
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Keep
buyer's financial capabilities confidential unless authorized to disclose |
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X |
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Service
Provided |
Transaction
Broker |
Seller
Agent |
Buyer
Agent Traditional Company |
EXCLUSIVE
Buyer Agent |
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Works
in your BEST interests at all times? |
CAN'T |
CAN'T |
MAYBE? |
MUST! |
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Will
maintain CONFIDENTIALITY in all that you say? |
??????? |
CAN'T |
MAYBE? |
MUST! |
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Will
discuss property strengths & weaknesses? |
CAN'T |
CAN'T |
MAYBE? |
MUST! |
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Will
help you determine FAIR MARKET VALUE? |
CAN'T |
CAN'T |
MAYBE? |
MUST! |
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Will
aggressively NEGOTIATE to the best price, terms, & conditions? |
CAN'T |
CAN'T |
MAYBE? |
MUST! |
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Will
be ACCOUNTABLE to you? |
CAN'T |
CAN'T |
MAYBE? |
MUST! |
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Ask every
Agent you talk to these questions:
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Will you show me all the homes on the market that meet my needs, including
For Sale By Owner properties?
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Will you guarantee that any information I give you will be kept confidential?
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Will you guarantee me your
undivided loyalty?
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Will you guarantee me you will not try to change your relationship with
me to "dual agency", "designated agent", transactional agent", or any other
form of agency
that offers reduced levels of service and could possibly compromise my
negotiating position?
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Will you guarantee me that you will not be representing any seller at any
time while you are working for me?
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Will you point out all the negative aspects of each property as well as
the positive aspects so I will be fully informed when making my decision?
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Do you have any agreements with Sellers that might limit your ability to
tell me everything you know about the Seller and their reasons for selling?
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Will you provide information on comparable sales and help me formulate
an offering price and negotiating strategy?
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Do you have a list of lenders, home inspectors, insurance agents and other
professionals that you recommend?
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Do you, or the company you are with, ever list homes for sale? (If they
say "yes", they are not an Exclusive Buyers Agent.)
Specifically, how will you protect my interests, and why should I hire
you rather than another agent?
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Will you act in a Fiduciary capacity and owe all Fiduciary Duties to me?
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Do you spend 100% of your time assisting Buyers?
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If you or your agency lists homes for sale, is your commission rate higher
if you sell an "in house" listing?
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Can you guarantee me 100% loyalty 100% of the time?
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Will you put all of that in writing?
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Customer's starting point:
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