Wednesday, October 26, 2005

Buyers - Why should you use a buyers agent?

What is an Accredited Buyers Representative?
The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation.

What is the difference between a Buyers Agent verses an Accredited Buyers Representative?
Any licenced real estate agent can represent a buyer, with the permission of his/her office Broker. However, if they have not taken the special classes on Buyers Agency, they may no know how to represent the buyer in the best way possible. An Accredited Buyers Rep has gone through special training to learn how to better represent the needs of a buyer to benefit the buyers best interests. The buyer's representative works for, and owes fiduciary responsibilities to, the buyer and has buyer's best interests in mind throughout the entire real estate process.

To find out more about Accredited Buyers Agency, visit http://www.GladwinRealEstateAgent.com/abr.html

Why should you use an Accredited Buyers Representative?
Unless you have a contract with the real estate agent to represent your best interests, they are automatically
working as a sub-agent for the seller. That means that the agent is negotiating for the benefit of the seller and, not YOU, the Buyer. Any confidential information that you share with that agent, may be passed onto the buyer. In turn, this my hurt your chances in getting the best deal on a purchase.

If you hire a Buyers Agent (preferably an Accredited Buyers Rep), she/he owes a fiduciary responsibilty to YOU, the Buyer. Your Buyers Agent will be negotiating for your benefit and not the seller's. Confidenital information cannot be passed onto the seller by the Buyers Agent.



1 comment:

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