Why Buyer Representation
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>> Protection, Loyalty, Truth, Professional Advice & Costs Nothing
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CLIENT PROTECTION & ADVICE
In real estate transactions, buyer-clients are entitled to a higher level of service than buyer-customers.
Becoming a client typically involves signing a Buyer Representation Agreement which involves, specific responsibilities, obligations, and high standards of good faith and loyalty (fiduciary duties of agency) from the buyer representative.
CUSTOMER MINIMAL SERVICE
As a customer (e.g. Seller's agent only representing the seller), you will only know what is required (Material Facts), NOT what is best for your needs such as if the home is competitively & fairly priced.
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If you are a CUSTOMER with no Representation, the sellers agent will:
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If you are a CLIENT
(fiduciary relationship), your agent will:
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Maintain loyalty to the seller’s needs
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Pay full attention to your needs
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Keep information about the seller confidential
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Keep information about you confidential
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Focus on seller-client’s property
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Focus on choices that satisfy your needs
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Provide just the material facts
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Provide material facts + professional advice
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Only provide price information that supports seller’s listing price
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Provide price counseling on comparable properties & professional insights
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Negotiate on behalf of the seller
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Negotiate on your behalf
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A Buyer Representation Agreement formalizes your working client-agent relationship, detailing what services you are entitled to and what your buyer’s rep expects from you in return:
- Receive a higher level of service. You can expect to be treated like a client, entitled to superior services, relative to customers.
- Get more without paying more. In almost every case, home sellers have already agreed to pay a buyer’s agent’s commission.
- Avoid misunderstandings. Clarifies expectations, which usually centers on loyalty.
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- Agency relationships are based on mutual consent. Agreements usually specify a time period and they can be terminated early if both parties consent. Some buyer’s reps also offer representation agreements for as little as one day, for the purpose of giving both parties a brief trial period to explore working together.
- Strength as a team. A team dedicated to helping you achieve the best possible home-buying experience.
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Learn more about an Accredited Buyer's Representative, awarded only to special Buyers Representatives & about your local Brampton Real Estate Accredited Buyer Representative
