Self-Proclaimed Buyers Agents - So what are their credentials? Are they Exclusive, Certified or Accredited? You need to find out to protect yourself and avoid the limitations of “Dual Agency” which is basically a conflict of interest on the part of some “self-proclaimed buyer agents”. You will also find it helpful to ask up front if the REALTOR® claiming to be a Buyer’s Agent has additional training and is a home buyer specialist.
You may also want to ask if this so-called Buyers 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 Buyers Agent is hanging their license with one of those large well know “Traditional” real estate companies that have a lot of properties listed for sale. The larger the company and the more listing they carry, the greater chance they will be in the position of trying to represent you and the seller at the same time. Not Good! Not Really Possible!
You really have 2 choices for a good Buyers Agent:
-
An Exclusive Buyers Agent who doesn’t work at a company that takes listings at all. The biggest drawback with this type of buyer’s agent is that they can’t help you sell before you buy or sell later when it is time to make a move.
-
Your other good choice is an Accredited and/or Certified Buyers Representative, also known as an ABR or CBR. Many work at a small independent companies that have less that 1% of the listings on the market. This way you know you have better that a 99% chance they can provide 100% loyalty and the very best presentation when buying your home or other real estate.
