What is an Exclusive Buyer's Agent ?

 

 

An Exclusive Buyer's Agent is a Real Estate Agent that specializes in representing home buyers in all phases of the transaction. They  work for an office that does not list homes for sale. Exclusive Buyer's Agents never have anything to "sell"  you but their specialized knowledge and expertise in assisting home buyers.

 

Exclusive Buyer's Agent FAQs

 

Q Who does the listing agent represent?

A They represent the seller, never the buyer. They owe loyalty to the seller. The listing agent has their sign with a phone number in the front yard. If you call the number and ask to see the house, they will do their best to SELL you that home. Their  job is to get the seller the highest price, the best terms, and look out for the seller's best interests. Not bad if you are selling your home.

 

As an Exclusive Buyer's Agent, our job is to get you, the buyer, the lowest possible price and the most favorable terms while looking out for YOUR best interests.

 

Q How much does it cost me to use your services?

A FREE !  Our services are free to our clients. In fact, sometimes we can offer a cash back bonus to our clients.

 

Q How does  your company get paid?

A There is a commission built into the sale of the home that is paid by the seller to the listing agent. Our company gets paid through the listing agent.

 

Q The higher the selling price, the higher the commission your company gets, right?  Isn't that a conflict of interest?

A NO, it is not a conflict of interest. Most of our business comes from referrals and return clients. If we save our clients $5,000 on a $150,000 house, that's a difference of only $150 in commissions and...... another very happy client.

 

Q  Are you a licensed REALTOR®? Are you a member of the National Association of Realtors?

A Yes and Yes. I am also a member of the Texas Association of Realtors, the Houston Association of Realtors, and the National Association of Exclusive Buyer's Agents.

 

Q OK, I am interested in using an Exclusive Buyer's Agent. Exactly how will you help me buy my new home?

A While any licensed real estate agent can be a "buyers agent",  as an Exclusive Buyer's Agent, we offer a higher level of service through our 100% commitment to home buyers. Our time is not consumed by listing and marketing homes. We find homes for our clients......Exclusively

 

There are a number of specific questions that you can ask real estate agents to distinguish among them and choose the one that best fits your needs.  First and foremost, selecting a real estate agent should be about the basic concept of AGENCY.  Real estate agents are subject to the same laws of agency as attorneys, someone in a bank trust department, CPAs or any other role where the “agent” is suppose to put the interest of their employer (their principal) ahead of their own personal interest.  That system is based upon a client relationship, not a customer relationship which is customary of industries with a ”sales psychology” such as real estate. 

Real estate agents have historically had a client relationship with sellers and a customer relationship with buyers.  That really has not changed as much as the real estate industry would like you to believe.  Look for someone who clearly places  your interest ahead of their own. Within the real estate industry you will find blatant conflicts of interest, paperwork that protects the real estate community and not the consumer, and outright insider trading,   We purposely do not list properties (although we could make a lot more money) to avoid the inherent conflict of interest of representing a seller today and a buyer tonight that perhaps may want the property of the seller to who we just pledged our loyalty.