A Buyers Agent or Buyers Broker can usually save your family about 3% more than the Listing Agent who represents the Seller, according to Independent Surveys. Any Buyers Agent and Buyers Broker associated ABuyersAgent.com can save you substantially more with a Home Buyer Rebate on the New or Resale Home of your choice.
You will find a Buyers Agent or Buyers Broker at ABuyersAgent.com has a minimum of 5-years of professional home buyer representation. They are typically found at Independent Real Estate Companies with the newer internet based business models. Plus they each members of the nationwide Real Estate Savings Center Network.
Not all Buyer Agents or Buyer Brokers are the same. To be sure of the services you can and will receive, here are details on Realtors that can be called a Buyers Agent:
- Self-Proclaimed Buyer Agents – Basically any real estate agent working for or wanting to work for a real estate buyer can call themselves “a Buyer’s Agent” even if they have no credentials. However, if they work for a Real Estate Firm with a lot of Listings, there is a greater chance they will try to sell you one of their listings, since their company Broker has an obligation to do so. This can bring up what is called a “Dual Agency” situation, where neither the Buyer or the Seller will get the professional representation and savings they deserve.
- Accredited Buyer Representatives – 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 to receive 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 Buyers Broker or company manager.
- 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 themselves to being a Professional Buyer Representative.
- Exclusive Buyers Agent (EBA) – Unlike the Buyer Agents and Buyer Brokers above, an Exclusive Buyers Agent never represent Sellers by listing 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 later when it is time to sell and upgrade. or downsize.
So, why do you need a Buyers Broker? Because, unless you have extensive experience buying homes in your local area or your destination city, a Buyers Broker offers you a much more secure and cost-effective way to buy a home or other real estate. A Real Estate Buyers Broker can either work as your advocate personally or help you select an Accredited Buyer Representative in their Company that will. Either way the Buyers Broker is responsible to help you save time and money throughout the entire real estate transaction.
How Much Does a Buyers Broker 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.