A Buyers Agent or Buyers Broker can usually save your family about 3% more than the Listing Agent who represents the Seller. The Buyers Agent and Buyers Brokers associated with this website can save you substantially more.
Most of the Buyers Agents associated with A Buyers Agent dot com are the Brokers and Owners of their own Independent Real Estate Company. They are the decision makers and the Buyer Agent who determines the level of services and the real estate rebate their company offers you as a home buyer.
Not all Buyer Agents or Buyer Brokers are the same – Basically any real estate agent working for a real estate buyer can call themselves “a Buyer’s Agent”. However to be sure of the representation you will receive, here are details on Realtors that can be called a Buyers Agent:
- A Self-Proclaimed Buyers Agent – If you are serious about seeing just the homes that best suit your specific needs it is may be wise to avoid a self proclaimed Buyers Agent that works for a one of the large, traditional real estate franchises. They are most obligated to show you and try to sell you one of their many company listings. If you have to go with one of these traditional real estate agents, it would be best to seek out an Accredited Buyer Representative (ABR), or a Certified Buyer Representative (CBR).
- Accredited Buyer Representative – This is the most popular designation for a Buyers Agent, and it is recognized and promoted by the National Association of REALTORS®. The Realtors who have earned this designation have gone the extra mile in education get the ABR designation. They are typically very well prepared to represent your best interest throughout your real estate purchase. Similarly, the ABRM designation stands for Accredited Buyer Representative Manager, and is normally held by real estate Brokers and real estate company managers.
- Certified Buyer Representative (CBR) or Certified Buyer Agent (CBA) – these are also buyer agents who gone though additional real estate training to more fully dedicate them selves to providing Professional Buyer Representation
- Exclusive Buyers Agent (EBA) – Unlike the Agents and Brokers above, an Exclusive Buyers Agent never represent Sellers and list properties for sale. Be aware that some Agents may call themselves an Exclusive Buyers Agent but if they work for a Brokerage that does list properties for sale they are not. Importantly, since true EBAs do not take listings, then they cannot help you if your need to sell a property before buying or when it is time to sell.
- So what are their credentials? Are they an Exclusive Buyer Agent, meaning they take no listings at all and cannot ever help you when it is time to sell your home or other real estate? Are they a Certified Buyer Representative (CBR) or one of the more popular Buyers Agent called Accredited Buyer Representative (ABR)? You need to find out to best protect yourself and to avoid the conflict of a “Dual Agency” situation. Dual Agency is normally when you have a “so-called” Buyers Agent working for you but they also represent the interests of the seller of one of their own company’s listings. You will find it helpful to ask up front if the REALTOR® claiming to be a Buyer’s Agent will be trying to sell you one of their own company’s listings.
on the different type of theisyou need to get it in writing in the form of a written Buyer Agency Agreement.
oblarge real estate company that has a so avings time seeing the homesrightreal estate that suits your needs and properties tand moneyYou should usa a Buyers Agent if you are serious about savings time and money when you are ready to make a real estate purchase. A Buyers Agent, as an alternative to the Traditional real estate agent, and they work as your advocate instead of trying to “sell” you something. Traditional Real Estate company Agents typically have more listings that they are obligated to try to sell you, so you have less of a chance of being properly represented.
They are at Accredited Buyer Representatives (ABR) and/or a Certified Buyer Representative (CBR) with at least 5-years of local real estate experience and at least a 4.5 Star rating on AngiesList, Google, Redfin, and/or Yelp. Plus Buyers Agent at The Real Estate Savings Center guarantee in writing that they will provide you with a Real Estate Rebate, also known as an 15% to 67% Agent Commission Split going to you at closing.Member of The Real Estate Savings Center Network
A Self-Proclaimed Buyers Agent – So what are their credentials? Are they an Exclusive Buyer Agent, meaning they take no listings at all and cannot ever help you when it is time to sell your home or other real estate? Are they a Certified Buyer Representative (CBR) or one of the more popular Buyers Agent called Accredited Buyer Representative (ABR)? You need to find out to best protect yourself and to avoid the conflict of a “Dual Agency” situation. Dual Agency is normally when you have a “so-called” Buyers Agent working for you but they also represent the interests of the seller of one of their own company’s listings. You will find it helpful to ask up front if the REALTOR® claiming to be a Buyer’s Agent will be trying to sell you one of their own company’s listings.
Of course you want to see all listings that match your needs, but be aware of the obvious conflict of interest if your so-called Buyer’s Agent is also the Seller’s Agent for the company that has the property you are interested in listed for sale. If your Agent can’t provide you with 100% Loyalty during negotiations then you will probably pay more than you really need to when you buy a home or other real estate.
So, why do you need a Buyers Agent? Because, unless you have extensive experience buying homes in your local area or your destination city, a Buyers Agent offers you a much more secure and cost-effective way to buy a home or other real estate. A Real Estate Buyers Agent or Buyer’s Broker can work as your advocate to save you time and money throughout the entire real estate transaction.
How Much Does a Buyers Agent Cost? – Nothing Extra, and that’s another benefit! The price you pay for the home or other real estate you choose typically includes a fee for two Agents: the agent representing the seller (Listing Agent) and the agent representing the buyer (Buyer’s Agent). Since the price of the property you are purchasing normally includes a commission for both agents, it makes good sense to take advantage of this typical MLS (Multiple Listing Service) arrangement by selecting a Buyer’s Agent to work as your Realtor and real estate advocate.
Also Consider: In many jurisdictions, particularly those in the United States, a person is required to have a license in order to receive remuneration for services rendered as a real estate broker. In particular, any of the following descriptions could refer to a real estate broker in the USA:
– A licensed person owning, managing, or being in charge of a real estate brokerage firm, even if the broker just works for him – or herself.
– The real estate brokerage itself: the brokerage is the firm or business of the broker which can also be called a real estate agency.
– A licensed real estate professional who has obtained a broker’s license (which entitles them to operate a real estate brokerage). By default, a real estate broker of this kind has already met the requirements of “salesperson” or “agent” licensing. A real estate broker can still be designated as such without owning a real estate brokerage.
– Some people may refer to any licensed real estate agent as a real estate broker. However, a licensed real estate agent is a professional who has obtained either a real estate salesperson’s license or a real estate broker’s license. Sales people work under the guidance of a Broker who is ultimately responsible for the salesperson’s actions as an agent. Therefore real estate agent are agents of the broker who is the real agent for the client.
– A Realtor is a real estate agent or a real estate broker who has taken their professionalism to the next step by committing to a Code of Ethics. Only about 50% of real estate agents are Realtors. The choice it up to you! Do you want to work with a real Realtor or a real estate agent?
You should also appreciate the home buying articles and advice offered here for home buyers to help get them through the home buying process.
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If you are already under contract with another agent or company please stay with them, as this information about A Buyers Agent is not meant as a solicitation to get you to change agents of companies.