What is a "Buyer's Broker"?
What is a " Buyers Broker"?
A "Buyer's Broker" or "Buyer's Agent" is an agent who works exclusively on behalf of a buyer in a given transaction.
Listing agents typically earn twice as much money if they can get you to buy one of their personal listings, and they often earn bonuses for selling "in house" listings. This works to the obvious disadvantage of a buyer who should be (but may not be) shown all the best homes within the buyer's category, regardless of who the listing agent is.
As a Buyer's Broker, we show our Buyers "MLS" listed properties, as well as any "For Sale By Owner" properties that meet the buyer's requirements. We are totally objective when selecting the "best available" homes to show.
As a Buyers Broker, we are completely objective when advising our buyer about the value and resale potential of a property.
As a Buyer's Broker, we are paid the same seller-authorized commission split that is offered across the board to any agent who brings a buyer. We collect no fee from other buyers. Purchasing a home through a listing agent guarantees that all the commision will go to the agent who represents the seller!
