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Important: Exclusive Buyer's Agent FAQ's - 1 2 3 4 5 6 7 8 9 10 11 12 13

6.  Some Agents say they can represent both me and the seller. How can this be?

You be the judge. If you were selling a home, would you want to list it with an agent who represents the buyer? Of course you wouldn't, not any more than you would want to be put in the position of having to divulge details of your personal finances to the agent representing the seller.

WOULD YOU TELL A CAR SALESMAN HOW MUCH YOU EARNED?

 The National Association of Realtors has described agents who try to represent both the buyer and seller in the same transaction as "PLAYING THE PROFESSIONAL EQUIVALENT OF RUSSIAN ROULETTE." What buyers usually don't understand is that when an agent shows a buyer any home listed with that agent's firm, that agent, or his or her firm, is obligated to protect the interests of the seller. EVERYONE KNOWS YOU CAN'T SERVE TWO MASTERS! If you work with an agent whose real estate firm has homes listed for sale, you will probably not receive the full representation you would get if you worked with an exclusive buyer's agent. There simply is no way an agent can negotiate price and terms on behalf of both the buyer and the seller. When you are making one of the largest investments in your life, don't you deserve to have someone completely dedicated to working in your best interests?

 
What You Should Know

 

 

1. Isn't the agent who shows me homes, or any real estate for that matter representing me?

2. My agent agrees she "technically" represents the seller, but says she will be fair and "take care of me". Isn't that all I need?

3. Does THE BUYER'S AGENT have access to all resources like the Multiple Listing Service?

4. How is THE BUYER'S AGENT paid for its services?

5. If THE BUYER'S AGENT OF NASHVILLE & MIDDLE TENNESSEE works on commission, why try to lower the price of a property for me?

6. Some Agents say they can represent both me and the seller. How can this be?

7. Can other real estate companies have agents that represent buyers?

8. What is exclusive buyer representation and how did it develope?

9. Does the legal responsibility that accompanies this type of contractual relationship really matter to me?

10. Exactly how does THE BUYER'S AGENT establish this contractual relationship to represent me?

11. If THE BUYER'S AGENT can save me money on price, why can't traditional agents?

12. How much money can THE BUYER'S AGENT save me?

13. How can I estimate my mortgage?

 
 
 
 
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