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What is a Real Estate Buyer's Agent?
A real estate buyer's agent represents the consumer who purchases the property in the real estate transaction. The buyer’s agent owes full fiduciary responsibilities, duties and loyalty to the real estate purchaser. The buyer's agent works for the buyer client and has the client’s best interest in mind throughout the real estate transaction process.
The buyer’s agent is usually compensated by the seller based on the selling price of the real property. So most of the time this service is free to the buyer. It is important for the consumer to discuss the buyer agent's compensation in the initial interview. In many cases it is recommended that the consumer and buyer’s agent agree to the terms of compensation prior to viewing properties and signing a written agreement. This agreement should spell out the responsibilities of both parties throughout the transaction. It is important to note that in some states, legislation has been enacted to protect the buyer to the point that absent a written agreement, the agent represents the buyer throughout the transaction. Consult your local REALTOR® for complete details when you first start the search for purchasing real property.
The Benefits of Using a Buyers Agent
February 28, 2014, here is what Dave W. said:
“Marty Gale far exceeded our expectations as a Buyers Agent in the recent purchase of our home. His knowledge of the Utah real estate market is exceptional and with his experience in residential home construction he was able to provide beneficial advice in selecting well-
Using a Buyers Representative offers the consumer many benefits. Here are a few services a buyer’s agent typically provides:
- Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications.
- Assist the buyer in determining the amount that they can afford (pre-
qualify) and show properties within that price range and in the locale the consumer has determined. - Assist in viewing properties and either accompany the client on the showings or preview the properties on behalf of the client to insure that the identified specifications are met.
- Research the selected properties to identify any problems to help the consumer make an informed decision before they make an appropriate offer on the property.
- Advise the client on how to structure an appropriate offer to purchase the selected property.
- Present the offer to the seller’s agent and seller on the client’s behalf.
- Use best professional judgment to negotiate on behalf of the buyer to help obtain the identified property.
- Review and explain all contract documents to their buyer client.
- Make recommendations and assist buyer to secure appropriate financing for the selected property.
- Provide a list of potential qualified vendors e.g. movers, attorneys, carpenters as these services are needed by the consumer.
Most importantly, this is your transaction -
I'm happy to offer our expertise as an Accredited Buyers Representative. I began my real estate career in 1986 and Laurie began in 1991. Email us at gales@UtahTeam.com or call 801-
“Marty is the most knowledgeable and in-
“From the very beginning, Marty Gale was a straight shooter with excellent integrity. His hard work ethic and determination not only helped us sell our home but find one that suited our needs in our price range. He made our home buying experience seamless and fun. If I ever need to buy or build another home I will, without a doubt, use him as my agent. Thanks to Marty we are now enjoying our beautiful new house!” Rodney F.
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