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."
"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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According to Ohio law, ALL
Realtors must give every potential Buyer their company's "Consumer
Guide to Agency Relationships" BEFORE
showing you any homes. You have the LEGAL
RIGHT
to know if a Realtor and their company practices Dual Agency or Split
Agency. The Consumer Guide contains a statement that
Realtors are REQUIRED
to give Buyers their Guide, and it must also have a
place for Buyers to SIGN,
indicating you received a Guide.
If
a Realtor showed you a home, and you were NOT
given a "Consumer Guide to Agency Relationships,"
you may want to contact an attorney or the
Ohio Department of Commerce, Division of Real Estate &
Professional Licensing at (614) 466-4100 or Ohio Division of Real Estate.
Ohio
law further states that
Realtors
are required to provide Buyers with their company's "Consumer
Guide to Agency Relationships" before the
earliest of the following events:
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Pre-qualifying
a Buyer for a loan
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Requesting
specific financial information from a Buyer
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Showing
property to a Buyer (Open Houses are exempted)
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Discussing
the making of an offer with a Buyer
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Submitting
an offer on behalf of a Buyer
In
Ohio, There Are 5
Recognized Types of Agency
The
type of agency practiced by a real estate company will determine
who the company and its Realtors will represent - or
NOT
represent - during your purchase of a home. Real
estate companies are allowed to create their own company
versions of the "Consumer Guide to Agency Relationships,"
as long as it complies with Ohio license law.
1)
Split Agency: A real estate company that lists
property as a seller's agent, but acts as a "buyer's
agent" on other companies' listings. During
this in-house transaction, when there's TWO Realtors
involved with a listing, ONE works for the buyers, while
ANOTHER Realtor - from the SAME company - works for the
sellers. When there's just ONE Realtor acting as both seller's
agent AND as buyer's agent, then he/she is a Dual Agent.
Companies that practice Split Agency are supposed to protect
confidential information within their office. But how can
they guarantee it?
2)
Dual Agency: A company
that "represents" sellers and buyers, but these
Realtors are always Dual Agents
on every in-house transaction. This agency is for
companies that don't believe they can protect confidential
information between the Realtors in their office. Although
a Dual Agent is often hired first by the sellers for selling
their home, the law requires Dual
Agents to remain "neutral" towards Buyers - and
they cannot advocate OR negotiate OR protect the Buyer's
best interests. When a Dual Agent/Realtor is hired
first by a seller - whether it's a relative, or a friend,
or golf buddy, or just a seller - how confidential will
the Buyer's confidential information remain?
3)
Split Agency/No Dual: A company that lists homes,
represents buyers, practices Split Agency, and not Dual
Agency. When the Buyer wants to purchase a home
listed with his/her "buyer's agent," the agency
relationship with the Buyer is terminated, and the Realtor
will represent only the seller. How's that grab
you for loyalty to a Buyer?
4)
Exclusive Seller Agency only: A real estate brokerage
that lists property for sellers and acts as a subagent of
the seller on other broker's listings. Buyers are
treated as customers by these Realtors. Dual agency
is not practiced by this type of company.
5)
EXCLUSIVE BUYER AGENCY only:
A real estate company
that ONLY REPRESENTS
BUYERS. This type of real estate company:
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Does
NOT take listings or "sell" houses
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Does
NOT practice Seller Agency
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Does
NOT practice Split Agency
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Does
NOT practice Dual Agency
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Buyers
are CLIENTS - not customers
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The Buyer's financial information is PROTECTED and
stays CONFIDENTIAL
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CAN
GUARANTEE 100% LOYALTY and 100% Representation for
Buyers
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Advises
the Buyer even if it means pointing out reasons NOT
to buy
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EXCLUSIVE
BUYER AGENCY is the
BEST choice for all Buyers
Unlike
traditional Realtors - who start as your "buyer's
agent" but CAN SWITCH SIDES to practice either Dual
Agency and/or Split Agency - THE BUYER’S AGENT,
Buyer Broker Real Estate is ALWAYS ON THE BUYER'S SIDE®,
protecting the Buyer's best interests from start to finish!
A traditional real estate agent, or Realtor, or "buyer
agent" who
works for a company that "sells" real estate in the Dayton, Ohio area
CANNOT guarantee to ALWAYS represent YOUR interests.
A genuine Exclusive Buyer Agent will GUARANTEE in writing to
always "represent your interests exclusively throughout the transaction
and help you negotiate the lowest price." Kiplinger's Magazine |
Click Here to Read
"Consumer Guide to Agency Relationships"
of THE BUYER'S AGENT, Buyer Broker Real Estate
Our Consumer Guide is in PDF format and opens with Acrobat Reader.
To download a free Acrobat Reader, click on http://www.adobe.com/products/acrobat/readstep2_allversions.html
or to request the Consumer Guide sent to you by e-mail, click here Contact Us
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| We Help Buyers Locate, Evaluate, and Negotiate
for the Right Home - at the Right Price - at NO Extra Cost! | |
If you'd like to browse Homes For Sale in the following areas:
Beavercreek, Bellbrook, Brookville, Centerville & Washington Twp., Clayton, Dayton, Englewood, Enon, Fairborn, Franklin, Germantown, Huber Heights, Jamestown, Kettering, Miami County, Miamisburg & Miami Twp., Moraine, New Carlisle, New Lebanon, Oakwood, Phillipsburg, Springboro, Spring Valley, Tipp City, Trotwood, Troy, Union, Vandalia & Butler Twp., Warren County, Waynesville, West Carrollton, West Milton, Wright-Patterson Air Force Base Ohio, Wright-Patterson AFB Ohio, WPAFB Ohio, Xenia & Yellow Springs, Ohio.
We'll create a Custom Home Search to find the property you want. |
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 WE DON'T SELL HOUSES - WE HELP PEOPLE BUY
Representing Home Buyers in all Dayton, Ohio Areas Since 1996 | |
CALL TODAY FOR:
• FREE Home Buyer Consultation,
Including "Custom Home Search" Set-Up • FREE 12-Page Brochure Sent By Mail:
"The Buyer's Voice - The Buyer's Choice" • Scheduling A Showing Of ANY Home For Sale
(MLS, New Construction, or For Sale By Owner) • Details About Our "Special Incentive Program"
(FREE Home Warranty - MONEY After Closing)
(937) 890-1700 (937) 426-9300
(937) 439-5900 Toll Free: 1-888-279-1700 | |
| www.aBuyerBroker.com
"If your real estate agent isn't a buyer broker, he works for the seller." U.S. News & World Report |
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Homes for Sale & Real Estate: All Dayton, Ohio Areas |
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EXCLUSIVE Real Estate Buyers Agents are the BEST Choice for
Home Buyers in all Dayton, Ohio areas, including Beavercreek, Centerville,
Englewood,
Kettering, Oakwood, Springboro, Wright Patterson AFB, WPAFB Ohio.
EXCLUSIVE Real Estate Buyers Agents Dayton, Ohio-ALWAYS on the Buyer's Side®
Browse Homes, Condos and Real Estate for Sale in all MLS Dayton, Ohio Areas. |
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Thinking about calling a "buyer agent" or a traditional Realtor, who will "sell" you their company's listings? Just remember: "Stupid is as stupid does." Forrest Gump | |
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"Most agents who show you homes don't represent your interests. They work for the seller, and their objective is to sell the house at the highest possible price." USA Today | |
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