Press Articles About Exclusive Buyer Agents

Press Articles About How an Exclusive Buyer Agent / Broker Represents You - The Buyer

Money Magazine (Page 5 - You might want to start by finding an agent who can represent your interests in the search. This is not as simple as it sounds. Sure, 85 percent of sellers list their homes through an agent - but those agents are working for the seller, not you. They're paid based on a percentage, usually 5 to 7 percent of the purchase price, so their interest will be in getting you to pay more.) What you need is what's known as an "exclusive buyer agent.

Consumer Reports - Consumer Reports states, "You can find a true buyer's agent only at a firm that does not accept listings."The advantages of using an Exclusive Buyer Agent is that they avoid conflicts of interest by working in the best interests of the buyer and not the seller, avoid homes and neighborhoods likely to fare poorly in the marketplace, ensure the buyer does not unknowingly overpay for a property, fully informs the buyer of adverse conditions, encourages the buyer to make offers based on true value instead of list price, which can sometimes be overstated, and works to save the buyer money. A buyer agency firm commissioned a study that found EBA purchased homes were seventeen times less likely to go into foreclosure

See what the press and the experts are saying:

“…unless the agent is an exclusive buyer’s agent……there is a potential conflict of interest.”

CHICAGO SUN-TIMES

“...hiring an exclusive buyer’s broker costs the home buyer nothing extra”

CHICAGO TRIBUNE

“The balance of power is changing as the number of brokers who serve only buyers grows. A conflict of interest is more likely when a real estate firm that represents sellers assigns you one of its agents as a buyers’ agent. That’s why many people believe an exclusive buyer broker is preferable.”

BUSINESS WEEK

“You can’t have partial loyalty, an agent either works for you or works for someone else.”

CONSUMER REPORTS

“Groups such as the Consumer Federation and the American Association of Retired Persons recommend using exclusive buyer’s agents…the reason is, they work.”

SMART MONEY

“Consumer advocates say it [dual agency] cheats both buyers and sellers, denying them an agent’s allegiance and undivided attention at a time when they’re making a major financial decision. ‘You’re either loyal or you’re not. It’s like being slightly pregnant,’ says Maureen F. Glasheen, former counsel to the New York Secretary of State, who opposes dual agency.”

WALL STREET JOURNAL

“Exclusive buyer agencies are best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place.” “Exclusive buyer’s brokers work only with buyer and don’t take listings. They’re obligated to help you find the best deal and lowest price.”

KIPLINGER’S

“Only by using an exclusive buyer agent can a buyer be sure all information is kept confidential. Only an exclusive buyer agent can give the buyer an objective, experienced opinion of the home viewed to ensure the buyer gets the right home, in the right location, at the right price.”

MOBILITY MAGAZINE

“Nader again held up exclusive buyer brokerage as the only legitimate option for the home buying public.”

RALPH NADER-AGENCY LAW QUARTERLY

“Until recently, all residential real estate agents and brokers represented the sellers, a fact lost on the most home buyers. Now, a new breed of brokers has emerged to fend for them.”

WALL STREET JOURNAL

“The only way to get an agent really on your side is to use an exclusive buyer’s agent. I wholeheartedly suggest you look for one when you get ready to buy.”

TIPS AND TRAPS WHEN BUYING A HOME-by ROBERT IRWIN

“Consumer groups strongly endorse the use of exclusive buyer’s brokers to avoid conflicts of interest”

ORANGE COUNTY REGISTER

“Exclusive buyer’s agents work only for consumers and often can save them money”

LOS ANGELES TIMES

“Unlike traditional agents who look out for the seller, an exclusive buyer broker acts as your advocate, helping you to find the home you want, then negotiating the lowest possible price.”

MONEY MAGAZINE

“A listing real estate broker doesn’t work for you, but for the seller. If you want someone on your side, bet on an exclusive buyer’s agent.”

READER’S DIGEST

“Most agents who show you homes don’t represent your interests. They work for the seller and their object is to sell the house at the highest possible price.”

USA TODAY

“Level the playing field when you buy a home. You may get a better deal with your own broker pulling for you. The introduction of buyer’s brokers takes a horribly one-sided process and simply makes it fair.”

MEDICAL ECONOMICS

“Real estate agents work with buyers, but for sellers. What does that mean? If you are in the market for a house, the agent with whom you work most likely is working to get the best price and terms for the seller and is legally and contractually bound to do so…An exclusive buyer’s agent can offset that. Knowing that could save you thousands of dollars….”

THE PENNY PINCHER