News

IN THE NEWS

“Unlike the traditional agent who looks out for the seller, a buyer broker acts as your advocate, helping you find the home you want and then negotiating the lowest possible price. The best buyer brokers are so-called exclusive agents – that is, they represent only buyers, never sellers…” Money Magazine

“Groups such as the Consumer Federation of America and the AARP recommend using buyer’s agents…The reason is that they work.” SmartMoney

“Exclusive Buyer’s Agents only work for consumers and often can save them money – and they don’t cost more to hire…Buyer’s agents are not tied to any particular property or agency, so they will show buyers any home, even those for sale by owner.” Los Angeles Times

“A conflict of interest is more likely when a real estate firm that represents sellers assigns you one of its brokers as a buyer agent. That’s why many people believe an ‘exclusive’ buyer broker is preferable.”  Business Week

“… a buyer’s broker is prohibited from disclosing to a seller that the buyer can, or will, pay more than what has been offered … To ‘eliminate conflict of interest,’ exclusive buyers’ agents do not take listings” New York Times

“Unless the agent is an exclusive buyer’s agent … there is a potential conflict of interest” Chicago Sun Times

“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

“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

“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

“Exclusive buyer agents make every effort to get the lowest possible price for their buyers.” The San Francisco Examiner

“The best buyer brokers are so-called exclusive agents … they represent only buyers, never sellers” Chicago Tribune

“Buyer brokers have the buyer’s interests in mind. They act as a personal advocate, hunting for the right house and haggling with the seller’s agent. In fact, a 1992 study by a national long distance phone company, found that 200 relocating workers who used buyer brokers paid an average of 91% of the offering price, whereas those using traditional brokers paid 96%.” Diversion Magazine for Physicians

“Many buyers today opt to use buyer agents, or buyer brokers, who represent the interests of the buyer rather than the seller.” Baltimore Sun

“It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an ‘exclusive buyer’s agent’, who will be working for you.”  U.S. Dept. of Housing & Urban Development Home Loan Booklet