Representation in Real Estate

What is an Exclusive Buyer's Agent?

June 20, 2024
Representation in Real Estate

What is an Exclusive Buyer's Agent?

June 20, 2024
Representation in Real Estate

What is an Exclusive Buyer's Agent?

June 20, 2024
Representation in Real Estate

What is an Exclusive Buyer's Agent?

June 20, 2024

What is an exclusive buyer's agent? 

How are exclusive buyer agent's different from traditional Realtors and buyer agents? 

An exclusive buyer's agent is a real estate agent who exclusively represents the interests of home buyers and never represents the interests of sellers in a real estate transaction. 

Unlike traditional real estate agents who work for both the buyer and seller in a transaction, exclusive buyer's agents work solely for the buyer.

The role of an exclusive buyer's agent is to help home buyers find and purchase a property that meets their needs and budget.  Exclusive buyer agents are members of the National Association of Exclusive Buyer Agents, naeba.org. 

They offer advice on the home buying process, run  property searches, negotiate offers and contracts, and facilitate all aspects of the transaction such as inspections and appraisals.

Exclusive buyer's agents avoid the conflicts of interest that can come up when a real estate agent represents both the buyer and seller, dual agency, in a transaction.

By working with an exclusive buyer’s agent, buyers can be assured their interests are fully represented and that they are 

This can reassure the buyer that their interests are fully represented and they are purchasing a home for the best price and terms for their needs. 

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. 

The most blatantly egregious form of dual agency is a single agent representing both parties to a transaction. Another form of dual agency is designated agency and this occurs when a buyer and the seller are represented by the same brokerage with different agents. In dual agency representation, there is limited representation for both parties. In order for real estate agents to practice dual agency, the buyer and seller must sign the dual agency agreement. Most traditional real estate brokerages will ask buyers and sellers to sign this agreement.

Because of the inherent conflict of interest dual agency presents, exclusive buyers agents choose to only work with home buyers. With access to the Multiple Listing Service, exclusive buyer agents and brokers show buyer clients all properties of interest with no financial ties to any properties. With no in-house listings to sell, no in-house bonuses to sell listings, exclusive buyer agents can offer buyers 100% loyalty to their side of the transaction.

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. 

Rona Fischman, the Principal Broker and Owner of 4 Buyers Real Estate in Cambridge Massachusetts was a recent guest on the podcast, Listen Up Home Buyers! She is one of the founding members of NAEBA and explains why she became an exclusive buyers agent.

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 agents and brokers are members of NAEBA. We are committed to avoiding the agency mess and deliver high quality service to every home buyer in Washington D.C., Maryland and Virginia.

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If the exclusive buyer agents at HomeBuyer Brokerage can assist you in any way, please don't hesitate to contact us at info@homebuyerbrokerage.com.

What is an Exclusive Buyer's Agent?

By
June 20, 2024
What is an Exclusive Buyer's Agent?
What is an Exclusive Buyer's Agent?
What is an Exclusive Buyer's Agent?
What is an Exclusive Buyer's Agent?

What is an exclusive buyer's agent? 

How are exclusive buyer agent's different from traditional Realtors and buyer agents? 

An exclusive buyer's agent is a real estate agent who exclusively represents the interests of home buyers and never represents the interests of sellers in a real estate transaction. 

Unlike traditional real estate agents who work for both the buyer and seller in a transaction, exclusive buyer's agents work solely for the buyer.

The role of an exclusive buyer's agent is to help home buyers find and purchase a property that meets their needs and budget.  Exclusive buyer agents are members of the National Association of Exclusive Buyer Agents, naeba.org. 

They offer advice on the home buying process, run  property searches, negotiate offers and contracts, and facilitate all aspects of the transaction such as inspections and appraisals.

Exclusive buyer's agents avoid the conflicts of interest that can come up when a real estate agent represents both the buyer and seller, dual agency, in a transaction.

By working with an exclusive buyer’s agent, buyers can be assured their interests are fully represented and that they are 

This can reassure the buyer that their interests are fully represented and they are purchasing a home for the best price and terms for their needs. 

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. 

The most blatantly egregious form of dual agency is a single agent representing both parties to a transaction. Another form of dual agency is designated agency and this occurs when a buyer and the seller are represented by the same brokerage with different agents. In dual agency representation, there is limited representation for both parties. In order for real estate agents to practice dual agency, the buyer and seller must sign the dual agency agreement. Most traditional real estate brokerages will ask buyers and sellers to sign this agreement.

Because of the inherent conflict of interest dual agency presents, exclusive buyers agents choose to only work with home buyers. With access to the Multiple Listing Service, exclusive buyer agents and brokers show buyer clients all properties of interest with no financial ties to any properties. With no in-house listings to sell, no in-house bonuses to sell listings, exclusive buyer agents can offer buyers 100% loyalty to their side of the transaction.

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. 

Rona Fischman, the Principal Broker and Owner of 4 Buyers Real Estate in Cambridge Massachusetts was a recent guest on the podcast, Listen Up Home Buyers! She is one of the founding members of NAEBA and explains why she became an exclusive buyers agent.

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 agents and brokers are members of NAEBA. We are committed to avoiding the agency mess and deliver high quality service to every home buyer in Washington D.C., Maryland and Virginia.

You may download the PDF by clicking here.
Request More Information

We will not share your information with anyone....

First Name*
Last Name*
Email*
Click here to view content
Oops! Something went wrong while submitting the form.

Thank you for requesting more information...

We value and protect your privacy and will never share your contact information with anyone else.

You may also download the PDF here.

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.

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