Home ::

In the Press - Buyer’s Agency

See what is being said in the press about working with a Buyer's Agent!

"Buyers that used the services of a Buyer's Agent paid 91% on average of the asking price compared to 96% of asking price for buyers who used traditional seller's agents. A $6000 savings on a $120,000 home." (Source: A 1993 US Sprint Survey of Relocating Sprint Employees)

"Don't get run over by brokers who work both sides of the street. Home buyers wishing to have their own representation should make their choices with care. Just because someone hangs out a shingle as a 'buyer's broker' doesn't mean he or she is a good one. Representing buyers is different from representing sellers." (Source: January 15,1995 San Diego Union-Tribune)

"An exclusive buyer's agent represents only one person...the buyer. It is this individual's professional responsibility to bring home the best deal possible." (Source: November 1996 Country Living Magazine)

"Most agents who show you homes don't represent your interests. They work for the seller, and their object is to sell the house for the highest possible price." USA Today

"You have a whole new evolution of practice in the marketplace," said Sharon Millet, a Maine real estate broker who headed the 22–member NAR task force that issued the report. Millet said that the report's recommendations are designed to give home buyers and sellers easier access to the "kind of representation" that they want." Washington Post

'Buyer Advocacy appears to be taking off." "I'll never buy a house any other way." – Mrs. Renee Talley, Highland Park TX Wall Street Journal

"Exclusive agencies are the best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place. Kiplinger's CHANGING TIMES

"To Buyers: If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers." The Consumer Federation of America " Groups such as the Consumer Federation of America and AARP recommend using buyer's agents. SmartMoney Magazine , June 1995

"Many people don't realize that, unless specifically stated otherwise, brokers are legal representatives of sellers. A buyer broker, representing only the buyer, may be able to secure a better price and better terms." Good Housekeeping

"When one salesperson has a home listed for sale, and another salesperson working for the same brokerage locates a buyer, the second salesperson can't be a true buyer's agent. Why? Because both people work for the same brokerage. A "dual agency" with both buyer and seller is the usual solution. To solve this problem, a few states are experimenting with laws allowing the agent who finds a buyer for a home listed with the same brokerage to be a fully disclosed buyer's agent for the buyer. This "legal fiction" enables the buyer to work with his own agent who, by law, doesn't also represent the seller." Robert J. Bruss – Real Estate Weekly/The Virginian–Pilot

"Buyer brokers: agents that buyers can call their own...If your real estate agent isn't a buyer broker, he works for the seller...Buyers no longer have to fend for themselves." U.S. News & World Report

"Confusion often arises because many buyers believe that the agent who shows them houses works on their behalf. In fact, subagents of the listing broker – often they are agents who work for another office – also act on behalf of the seller." New York Times May 19, 1995 We all know that dual agency is not legally definable in the real world. We should not offer anything less than 100% client–level services to our buyer/seller clients. We should reject all anti–consumer proposals that do not offer our clients protective fiduciary duties and responsibilities." Robert McAvoy – President of the New Hampshire Assoc. of Exclusive Buyer Agents

"Agents: How to hire one for your side." By the National Association of Exclusive Buyer Agents