Homes, Condos for Sale All Dayton, Ohio Areas
THE BUYER'S AGENT,
Buyer Broker Real Estate
is a Member of
Dayton, Ohio MLS
and Dayton, Ohio Area
Board of Realtors.
.What is an encyclopedia
Exclusive Buyer Agent?
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
to allow one company to represent both sides, other states have made it
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
does not practice
because we practice
Exclusive Buyer Agency
Helping Dayton, Ohio Area Buyers Since 1996
to a traditional real estate broker that
you're prepared to bid as much as $150,000
on a house, and the broker will tip off
the seller. Tell a buyer broker, and the
seller will never know."
brokers: agents that buyers can call their
own." "If your real estate agent
isn't a buyer broker, he works for the
seller." "Buyers no longer have
to fend for themselves."
states have legislated ground rules for
this so-called dual agency and many of
the nation's biggest real estate firms
now regularly practice it. But consumer
advocates say it cheats both buyers and
sellers, denying them an agent's allegiance
and undivided attention at a time when
they're making a major financial decision.
"You're either loyal or you're not.
It's like being slightly pregnant,"
says Maureen F. Glasheen, former counsel
to the New York secretary of state, who
opposes dual agency. Among other things,
dual-agent situations means brokers can't
tell clients how to best negotiate or
pass on information that may be useful,
but is confidential. In contrast, a buyer's
broker who knows that the seller is being
transferred is obligated to tell the client.
"Most homebuyers would
prefer to have their agent represent them
exclusively in the transaction. That way,
they would be assured of their agent's
undivided loyalty." "Just be
aware that in a dual agency situation,
you may have to advocate for yourself,
and take more precaution to protect yourself,
than you would if you had exclusive representation."
"In a house sale,
does it matter that the agent representing
the buyer and the agent representing the
seller work for the same brokerage?"
"...when the agents work for the
same broker-they're known as "dual
agents" in that case..." "The
representation dual agents are able to
provide is not nearly as expansive and
complete as full representation."
"...some lawyers have doubts about
the same brokerage representing both sides
in a real estate transaction."
by using an exclusive buyer agent can
a buyer be sure all information is kept
confidential. Only an exclusive buyer
agent can give the buyer an objective,
experienced opinion of the homes viewed
to ensure the buyer gets the right home,
in the right location, at the right price.
people don't realize that, unless specifically
stated otherwise, brokers are legal representatives
of sellers. A buyer's broker, representing
only the buyer, may be able to secure
a better price and better terms."
brokerage is becoming accepted. Unlike
a traditional real estate agent, under
which the agent works for the seller,
buyer brokers work for the buyer."
agents supposedly dont reveal confidential
information to either party. They say
they just shuttle offers back and forth.
But brokers cant truly serve two
masters, says broker Saul Klein of the
D.F. Anthony Group in San Diego. "Dual
agency is outmoded. It needs to be eliminated,
" he says. Say youve asked
your broker to represent you exclusively.
Then you get interested in a house owned
by a seller that your broker represents.
To bid for it, you may then agree to accept
dual agency -- but now your broker has
confidential information from both sides.
Supposedly, the broker agrees not to reveal
that information to either party, but
you cant be sure of how well that
works in practice.
"Agents: How to hire
one for your side." "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."
are best. They remove any conflict of
interest, which is the main reason for
considering a buyer broker in the first
place." "Exclusive buyer's brokers
work only with buyers and don't take listings.
They're obligated to help you find the
best deal and lowest price."
broker who has developed
a relationship with a buyer might know
things that the buyer might not want a
potential seller to know--like how much
the purchaser is willing to spend. The
broker, however, more often than not has
a duty to disclose such information to
the seller since most brokers are really
working for the seller. Hiring a broker
as a "dual agent" may have its
own built-in tensions. "It's hard
to serve two masters," said William
Colavito, a Manhattan lawyer who is chairman
of the real property section of the New
York State Bar Association. "Just
as it would create a problem for a lawyer
to represent both sides in a transaction,
it could create the same problem for a
broker." "Generally," Mr.
Colavito said, "a buyer would get
the most protection and the best advocation
by dealing with a buyer's broker."
New York Times
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.
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"If your real estate agent isn't a buyer broker, he works for the seller." U.S. News & World Report
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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
"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