What the News Media Has to Say About Exclusive Buyer Representation
"Unlike the traditional agent who looks out for the seller, a buyer broker acts as your advocate, helping your find the home you want and then negotiating the lowest possible price. The best buyer brokers are ... exclusive agents - that is they represent only buyers, never sellers, and thus are not tempted to push a house on which they stand to earn a [double???] commission. You can find a true buyer broker in most states by calling Buyer's Resource and stipulating you want an exclusive agent."
Money Magazine
"To protect themselves buyers can retain their own exclusive representative, called a buyer broker...Your local agent may offer such services, but be aware that buyer's brokers who also work as seller's brokers can sometimes end up on both sides of the deal. You can get a free referral to a broker who only represents buyers through Buyer's Resource."
Business Week Magazine
"Exclusive agencies are the best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place."
Kiplinger's CHANGING TIMES
"Buyer brokers have the buyer's interests in mind. They act as a personal advocate, hunting for the right house and haggling with the seller's agent. In fact, a study by a national long distance phone company [Sprint], found that 200 relocating workers who used buyer brokers paid an average of 91% of the offering price, whereas those using traditional brokers paid 96%."
Diversion Magazine for Physicians
"Your goal should be to engage an agent who will represent only your interests. Not just a 'buyer broker', but an exclusive buyer broker . Make sure that is what you are getting."
Joseph Eamon Cummings, author, Not One Dollar More
"Confusion often arises because many buyers believe that the agent who shows them houses works on their behalf. In fact, subagents of the listing broker -- often they are agents who work for another office - also act on behalf of the seller."
New York Times
"When buyers do not use an exclusive buyer broker, they are generally dealing with a professional, trained selling agent who has pledged to get the best price and terms possible for the seller. The better option is to contact a national buyer broker network."
Mobility Magazine
For more information contact Daniel Mainwaring at (800) 370-5222 or (207) 878-7770 or email daniel@greatpuffin.com. |
