Homes, Condos for Sale All Dayton, Ohio Areas |
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THE BUYER'S AGENT,
Buyer Broker Real Estate
is a Member of
Dayton, Ohio MLS
and Dayton, Ohio Area
Board of Realtors.
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QUESTION:
.What is an encyclopedia
definition of
Exclusive Buyer Agent?
ANSWER:
From Wikipedia,
the free encyclopedia:
"An Exclusive Buyer Agent (or EBA) is a
United States real estate firm (or an agent or
broker who works in
such a company) which represents only buyers
of real estate."
"As such, they are distinguished from
all other real estate firms by their business model
of 100% buyer representation."
"EBA firms never take listings and, therefore, never represent
the seller in a real
estate transaction."
"Exclusive buyer agent firms have chosen this business model in order
to eliminate
the conflict of interest which may exist when
one firm attempts to represent both
buyer and seller."
"The EBA movement started in the late 1980's and, by the early 1990s
as with the rise of Buyer agency in general in US states, firms came into being and a national
trade association, the
National Association of Exclusive Buyer Agents, was formed. As of 2008, EBA firms now offer
service to buyers in
almost all 50 states."
"While some states have created
various forms of
DUAL AGENCY
to allow one company to represent both sides, other states have made it
illegal."
Dual Agency is still practiced by traditional Realtors in Ohio - but
buyers and sellers must give written consent. Undisclosed Dual Agency remains illegal
in all 50 states.
THE BUYER'S AGENT,
Buyer Broker Real Estate
Dayton, Ohio
does not practice
Dual Agency,
because we practice
Exclusive Buyer Agency
ONLY. |
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Helping Dayton, Ohio Area Buyers Since 1996 |
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