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Real Estate Articles



Welcome to our collection of articles on real estate and Exclusive Buyer Agency.

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What the real estate experts are saying about Exclusive Buyer Agency


"What to do: If you use a buyer's agent, make sure you get one who's genuine... You can find a true buyer's agent only at a firm that does not accept listings."
-Consumer Reports May '05

“Most agents who show you homes don't represent your interests. They work for the seller, and their object is to sell the house at the highest possible price.” - USA TODAY

Question: Do I need a broker to help me when I’m buying? That depends on how informed and assertive a buyer you are. Unlike the traditional agent who looks out for the seller, a buyer-broker acts as your advocate, helping you find the home you want and then negotiate the lowest possible price. The best buyer-brokers are so called exclusive agents - that is they represent only buyers, never sellers -
TODAY’S BEST IDEAS FOR HOME BUYERS AND SELLERS -MONEY

"Under present law, both real estate agents in any house-buying transaction are bound to do everything in their power to see that the seller gets the highest price. In millions of deals, year after year, home buyers have been confiding financial information to the broker. Even disclosing their highest bidding price, not knowing that the broker is obliged by law to relay that intention to the seller and make sure the seller gets the highest price possible." - THE WALL STREET JOURNAL

"You can be candid with a buyer broker without fear of aiding the seller; in turn, buyer brokers will use what they can ferret out about the seller to your benefit."
- US. NEWS & WORLD REPORT

“Exclusive agencies are 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

“Even where a dual agent carefully complies with all of the applicable statutory disclosure and consent requirements, pitfalls remain.The best option for the dual agent may be to withdraw from the transaction once he or she realizes there is an
irresolvable conflict of interest. However, the Department has seen that some agents may be unwilling to do so if it requires forfeiting their commission...” -CA Dept. of Real Estate, Real Estate Bulletin, Fall, 2007

"Until recently, all residential real-estate agents and brokers represented the sellers. A fact lost on many home buyers. Now, arguing that the traditional arrangement does buyers a tremendous disservice by, for example, jacking up prices and limiting selection--a new new breed of brokers has emerged to fend for them."
- THE WALL STREET JOURNAL


"Though some buyers assume that the agent who shows them a house is on their side, in fact, it's just the opposite. Legally, the agent usually represents the seller and is obligated to get the seller the best possible price and terms. This is not true, however, when the buyer hires a broker to represent him or her." -CONSUMER REPORTS
If it's been a while since you went house hunting or if you're new at the game, you may not have heard of buyer-brokers. A relatively new phenomenon, and still a tiny slice of the real estate business, buyer-brokers work for the owner-to-be. That's a market switch from traditional real estate agents who show you houses but whose legal duty is to the seller, who pays them a percentage of the sales price. Confide to a traditional real estate broker that you're prepared to bid as much as $150,000 on a house, and the broker will tip off the seller. Tell a buyer-broker, and the seller will never know. - MONEY - June '96

"You can't have partial loyalty. An agent either works for you or works for someone else." -
CONSUMER REPORTS Feb '94

"Exclusive agencies are best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place" -
Your New Home - Denise Fields

"Don't ever buy a property directly from the listing broker. Having your own agent will help you get the best price and terms. It won't increase your costs, because your agent shares the commission with the listing broker. This percentage amount is previously determined in the listing agreement and will be paid according to that agreement, usually from the escrow when the sale closes." -
Hume Publishing's SUCCESSFUL REAL ESTATE INVESTING

"Exclusive buyer's agents work only for consumers and often can save them money – and they don't cost more to hire...exclusive buyer's agents are not tied to any particular property or agency, so they will show buyers any home, even those for sale by owner." -
Los Angeles Times

"You´ve got to have someone representing you who represents only you," - Ralph Nader

"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 Cummins, Author, Not One Dollar More!

CALL 831-GET-HOME or EMAIL info@santacruzbuyers.com

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Santa Cruz Buyers’ Brokerage  |  519 Seabright Ave. Suite 103
Santa Cruz, California 95062  |  (831) 438-4663
DRE 01872669
Santa Cruz Exclusive Buyers Agent EBA

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