Not many agents can boast they are an Exclusive Buyer's Agent. But we can! An Exclusive Buyer Agent is on the Buyer's side only. There is no conflict of interest in our office, we don't take listings. So why is it important to have an Exclusive Buyer's Agent representing you?
- We only represent the buyer. We'll negotiate in the Buyers' best interest and for the best price.
- We never except any listings (no conflicts of interest, no transaction-broker addendum, or dual agency addendum).
- We never represent Sellers.
- We'll keep the Buyers' information confidential and insure interests are protected and represented.
- We can and will fully disclose to the Buyer all information concerning the home.
Colorado Law - Since 1993 all real estate licensees must have a written office policy regarding their working relationship with consumers and must disclose that policy prior to providing any specific assistance to consumers. By law, licensees may work as an agent for either the seller or the buyer, but only if that agency relationship is in writing. In the absence of a written agency agreement all licensees are automatically transaction brokers and by law cannot advocate for either buyers or sellers. Conflicts of interest and other legal problems arise when real estate licensees list homes as an agents for seller and also try to become agents for buyers. Home Buyers'' Realty eliminates that conflict of interest by only working as buyers' agents. Only Exclusive Buyer Agents can give the home buyer 100% Loyalty 100% Of The Time.
How Do We Get Paid?
First lets correct the myth that the seller pays real estate commissions. Real estate commissions, as well as all other fees and charges in a real estate transaction, are paid by money provided by the buyer. If there is no buyer, then there is no money and no sale. Indirectly the buyer pays for everything including the commission paid to the seller's agent who represents the seller's best interests. So as you can see we are paid by you the buyer. And our fee can be either an hourly or flat fee, but in all cases it is less than the co-op commission offered by the listing broker to sell their listing. Yes, that means our clients receive a refund of the excess money paid to us by the listing broker. We choose to call it a refund because it is the buyer's money that paid the commission and we are only returning some of it to its rightful owner. Our only regret is that we have not yet figured out a way to keep our clients from paying the seller's agent.
We have an hourly fee of $300. Our flat fee is negotiated with you in an up front counseling session where we try to determine how much time and expertise will be needed to represent your best interests during the home search and purchase process. The main purpose of an hourly or flat fee program is to eliminate the conflict of interest we would have if paid a commission which is a percentage of the sale price. The better job we do at negotiating the lowest price for you the less we get paid. That is an obvious conflict that no buyer agent should have. We have given our clients refunds ranging from $200 to $9,500. |