Representation in Real Estate

What is an Exclusive Buyer's Agent?

January 25, 2023
Representation in Real Estate

What is an Exclusive Buyer's Agent?

January 25, 2023
Representation in Real Estate

What is an Exclusive Buyer's Agent?

January 25, 2023
Representation in Real Estate

What is an Exclusive Buyer's Agent?

January 25, 2023

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.

Selina Riley, Victoria Ray Henderson, Cliff Henderson, Marshall Henderson, Stephen Mercer, Lisa Velenovsky Hayashi, Lynn Spiegel

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. 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.

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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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
January 25, 2023
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? 

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.

Selina Riley, Victoria Ray Henderson, Cliff Henderson, Marshall Henderson, Stephen Mercer, Lisa Velenovsky Hayashi, Lynn Spiegel

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. 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.

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.

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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