According to the National Association of Realtors® publication 'Agency - Choices, Challenges, and Opportunities', Exclusive Buyer Agency is: "The practice of representing only buyers and never sellers in a transaction. The company never lists a seller's property and thus never has a seller as a client. Agents never accept subagency that is offered by a seller's agent" (pg. 25).
Recently, a lot of traditional Agents have started advertising that they will represent buyer's. While this is legal in most states even the National Association of Realtors® warns it's members: "Buyer agency is viable method of practicing real estate, but an agent should be cautious in her approach if she is not thoroughly knowledgeable about the entire process. Agents who are used to working with buyers as seller's subagents need to be aware of the new duties and potential liabilities of buyer's agents before changing the form of representation they offer." (pg. 18).
This publication goes on to say that Exclusive Buyer Agency "Promotes a more natural relationship for agents working with buyers" (pg. 26).
In talking about an agent who tries to offer both seller agency and buyer agency it states "The buyer and seller do not have the full range of representation" (pg. 27).
Any agent who lists properties for sale is used to representing sellers and has a legal commitment to protect the sellers interest. The agent must get the highest price possible for the property.
If the Agent, or his or her agency, lists homes for sale they cannot be an EXCLUSIVE Buyer's Agent!
Broward County:
Coral Ridge, Coral Springs, Deerfield Beach, Fort Lauderdale, Kensington, Lauderdale By The Sea, Lauderdale Isles, Lauderdale Lakes, Lauderdale Manors, Lauderhill, Lighthouse Point, Margate, Melrose, North Lauderdale, Oakland Park, Plantation, Pompano, Pompano Beach, Tamarac, Westview
Martin County:
Hobe Sound, Jupiter, Jupiter Island, Tequesta, The Acreage
Palm Beach County:
Atlantis, BelMarra, Belvedere Homes, Blue Inlet, Boca Del Mar, Boca Harbour, Boca Pointe, Boca Raton, Boyton Beach, Boynton Beach, Briny Breezes, Caribbean Key, Century Village, Cloud Lake, Cypress Lakes, Delray Beach, Delray Shores, Floresta, Glen Ridge, Golf (Village of). Greenacres City, Gulf Stream, Gun Club Estates, Hamptons at Boca Raton, Haverhill, High Point, Highland Beach, Hypoluxo, Juno Beach, Juno Ridge, Jupiter, Jupiter Inlet Beach Colony, Kings Point, Lake Belvedere Estates, Lake Clarke Shores, Lake Park, Laker Rogers Isle, Lake Worth, Lakeside Green, Lantana, Loxahatchee, Manalapan, Mission Bay, North Palm Beach, Ocean Ridge, Palm Beach, Palm Beach Gardens, Palm Beach Shores, Palm Springs, Paradise Palms, Rainbow Homes, Riviera Beach, Royal Oak Hills, Royal Palm Beach, Royal Palm Estates, Sandalfoot Cove, Seminole Manor, Singer Island, South Palm Beach, The Acreage, Village of Golf, Wellington, West Gate, West Palm Beach, Wilton Manors, Winter Beach
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Our Standards Of Practice - Exactly What We Will Do For You
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Should you use the Agent who sold your home as your Buyers Agent?
Take Some Confusion Out Of The House Hunting Process
Find an Exclusive Buyers Agent in a different city or state
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Why You Should Not Buy a Car
So, you got a raise or a "windfall" or a big tax return check.You may find yourself confronted by an the hazardous instinct of we all have that says, "Let's buy a new car".
A few months later your thoughts turn toward buying your own home. Or, if you already own a home you would like to move up to a larger home.
So, you contact a loan officer to get qualified for a mortgage loan. You give the lender the information about your income, how much you have for a down payment, and so forth.
Then you hear some dreaded words: "I wish I could help you, but you have this car payment......."