What is an exclusive buyer's agent?  How are exclusive buyer agent's different from traditional Realtors? 

The distinction is highlighted in the terms themselves. An exclusive buyers agent solely represents buyers in real estate transactions. Exclusive buyer agents are often Realtors, a designation obtained by joining the National Association of Realtors. A traditional Realtor is a real estate agent who has joined N.A.R. and works with buyers. A traditional Realtor also lists property for sellers.

Exclusive buyer agents

‍practice this unique form of real estate because they see a fundamental conflict of interest in real estate transactions. Many states around the country allow what is called dual agency. Dual agency simply put, occurs when an agent represents both the buyer and the seller in a real estate transaction. This is inherently disadvantageous towards both parties however, it is incredibly common. 

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The most blatantly egregious form of dual agency is a single agent representing both parties to a transaction. However, there is also another form of dual agency called “designated agency”, and this occurs when a buyer and the seller are represented by the same brokerage with different agents. Once again in this type of relationship, there is limited representation for both parties. There are legal disclaimers that must be signed in order for buyers and sellers to enter into these agreements yet despite this, it is an incredibly common practice. Exclusive buyers agents have drawn a line in the sand and practice real estate in such a way that dual agency is not possible. An exclusive buyer brokerage does not list properties and solely works with buyers. Thus ensuring complete representation of clients throughout real estate transactions.

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Exclusive buyer agency is not a new concept, in fact, it has been around for over 40 years with the creation of the National Association of Exclusive Buyer Agents. 

Exclusive buyer agencies, however, are very niche in the real estate world, and there are far fewer exclusive buyer brokerages in the country than traditional real estate brokerages. 

HomeBuyer Brokerage is a proud member of NAEBA. Our hope is by sharing the message of exclusive buyers agency, more traditional Realtors will agree with our stance on the agency mess and shift their approach to real estate as well.

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How can we help?

The exclusive buyer agents at HomeBuyer Brokerage specialize in serving home buyers. Please reach out with questions at info@homebuyerbrokerage.com.