We Work For Free

We Work For Free

AS YOUR BUYER REPRESENTATIVE OUR SERVICE TO YOU IS FREE.

 

What is a buyer’s representative?

 

Defined most simply, a buyer’s representative (Also buyer’s rep, or buyer’s agent) is an advocate for the buyer – not the seller – in a real estate transaction. Real estate laws and regulations vary from state to state, but buyer’s representatives usually owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and work in their clients’ best interests throughout the entire transaction.

 

What services are provided by a buyer’s representative?

If you’ve established an agency relationship with buyer’s representative, common services include:

  • Helping you clarify your priorities.
  • Suggesting sources of financing and other service professionals, such as inspectors and exterminators.
  • Providing sources of accurate and lawful information on neighborhoods, schools and communities.
  • Selecting and arranging property showings.
  • Evaluating particular properties.
  • Explaining forms and agreements.
  • Suggesting contract contingencies to protect you, rather than the seller.
  • Assisting in the negotiations for a favorable price and terms.
  • Keeping all information confidential that could weaken your bargaining position.
  • Monitoring the entire purchase process, assisting with issues that arise through closing.

 

What is the standard compensation structure for real estate professionals?

 

For the most part, real estate professionals are compensated by commission, based on home’s selling price. Commission rates are not standardized, but vary, as does how the sales commission will be divided between the agents on the selling and buying side of the transaction. There is consistency, however, in how commissions are paid. When a seller signs a listing agreement, their contract is with a brokerage firm. All fees must pass through that brokerage firm. Typically, the seller’s representative – and your buyer’s rep – will be paid by the listing broker after the transaction closes. As a buyer specialist our service is of NO COST TO YOU. IT’S FREE.