Why use an Exclusive Buyer’s Agent? Buying Homes in Port St Lucie FL

Why use an Exclusive Buyer’s Agent?

Would you go for a divorce without your own attorney or even worse, listen to your ex’s attorney? Across the board the answer would be NO. So why buy real estate without your own representation?

A buyer’s agent is a Realtor who represents the best interest of the buyer in the transaction. Don’t be fooled though, just because you are working with a Realtor who is not the listing agent, does not mean you are working with YOUR Buyer’s Broker.

[With and Exclusive Buyer Agent on your side, you have a partner on your side who represents your best interest  and works just for you avoiding conflicts of interest that often hinder fair representation and the best possible outcome for you in the real estate transaction. This special relationship built on trust and commitment means that you, the buyer, will net the best possible outcome.]

To truly be represented as a client of a buyer’s agent you should ask for a written agreement of such representation. The terms of the agreement can be negotiated but once and agreement is reached, your agent will then have certain fiduciary duties that benefit your interests. They include:

1.       Loyalty – one of the most fundamental fiduciary duties an agent owes to the principle “client”. The duty obligates the real estate broker to act at all times, solely in the best interests of the client, excluding all other interests, including that of the broker.

2.       Obedience – An agent is obligated to promptly and efficiently obey all lawful instructions of his/her client that conforms to the purpose of the agency relationship.

3.       Disclosure – An agent must disclose to the principal all known relevant and material information that pertains to the scope of the agency. This includes any facts affecting the value or desirability of the property, as well as any other relevant information pertaining to the transaction, such as the other party’s bargaining position.

4.       Confidentiality – An agent is obligated to safeguard his/her client’s lawful confidences and secrets. In other words they must keep secret any known information that could weaken the clients bargaining power. For example… “wow.. my client really needs this house because he is going to be on the street next month”.

5.       Reasonable Care and Diligence - An agent is obligated to use reasonable care and diligence when pursuing the client’s affairs. A buyer’s agent must prepare themselves through education and study to competently represent the buyer in all matters.  They have a duty to use superior skill and knowledge in acting on the behalf of the buyer.

6.       Accounting – An agent is obligated to account for all money or property that belongs to the client entrusted to the agent.

These are all very important representation factors to have on your side. As a buyer, do not let the seller’s representative advise you what is best for you. They have fiduciary duties to the seller and can not have the same exact duties to you at the same time. Be protected. Use a Buyer’s Broker!

 

GAYLE BEYER – BROKER
WELCOME CENTER REALTY
800-375-5080
WWW.FLA777.COM
TREASURE COAST / PORT ST LUCIE / FLORIDA

SEARCH FOR SOUTH FLORIDA HOMES HERE