| "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
"Level the playing field when you buy a home...You may get a better
deal with your own broker pulling for you...The introduction of buyer
brokers takes a horribly one-sided process and simply makes it fair,"
says one broker." Medical Economics
"Buyer brokers have the buyer's interest in mind. They act as a personal
advocate, hunting for the right house and haggling with the seller's agent.
In fact, a 1992 study by a national long distance company found that 200
relocating workers who used buyer brokers paid an average of 91% of the
selling price, whereas those using traditional brokers paid 96%."
DIVERSION MAGAZINE FOR PHYSICIANS
"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
"You can't have partial loyalty. An agent either works for you or
works for someone else." - CONSUMER REPORTS
Should you use a buyer’s agent? The vast majority of buyers don’t
and that’s unfortunate. The only way to get an agent really on your
side is to use an exclusive buyer’s agent. I wholeheartedly suggest
you look for one when you get ready to buy - TIPS AND TRAPS WHEN BUYING
A HOME - Robert Irwin
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