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Why Use a Buyer’s Agent?
Working with a buyer’s agent
As a buyer, you have the option to work with a lice nsed real estate agent who will guide you through the process of getting prequalified, selecting a home, making an offer, negotiating the contract, and navigating the closing process. The best part? It’s at no additional expense to you. In a typical real estate transaction, the buyer’s agent gets paid by receiving a percentage of the total commission paid by the home seller. You, the buyer, have a protector and an advocate at no additional cost.
What is a buyer’s agency agreement?
A buyer’s agency agreement is a formal commitment between your Re altor® and you. This allows the agent to exclu sively represent you and negotiate on your behalf. Agents have a fiduciary obligation to hold your interests above their own, and this agreement provides them with a guarantee that their hard work won’t go to waste. Agents do not receive a commission until after a transaction closes, so this agreement keeps the transaction fair to everyone involved.