The Buyer's Representative Role
A real estate buyer's representative represents the buyer who is purchasing property in a real estate transaction.
The buyer's representative works for, and owes fiduciary responsibilities to, the real estate buyer and has buyer's best interests
in mind throughout the process.
Discuss Compensation
It is important for the buyer to discuss the buyer's representative's compensation in the initial
interview. In many cases it is recommended that the buyer and the buyer's representative agree to the terms of compensation
prior to viewing properties, and sign a written agreement based on those terms. The agreement should spell out the responsibilities
of both parties throughout the process.
In some states, legislation has
been enacted to protect the buyer to the point that, absent a written agreement, the buyer's representative represents the
buyer throughout the real estate transaction.
Consult your REALTORŪ for
complete details when you begin the purchase process.
|
 |
|
|
|
|
|
|
| Curtis Hilty is and Accredited Buyer Representative, and a Graduate RealtorŪ Institute |
|
|
|
|
|
