Buyers
Your Exclusive Buyers Agent
There are three different ways in which you can be represented during the purchase of a new home, and none of them cost you, the buyer, any money. Then why do people often times choose the worst form of representation? Usually it is due to a lack of education about the home buying process. Our goal is to be your Exclusive Buyer's Agent and assist you in making well educated and informed decisions throughout the home buying process.
You can be represented in a real estate transaction in the following ways:
1. The Broker/Agent Represents the Seller (Good for Seller, Bad for Buyer)
This is the agent that is in a written agreement to sell the client's home. In addition, if any agent shows you homes without being in a written buyer's agent agreement with you, by law they are acting as a subagent to the seller and have fiduciary duties to the seller, not you! In this agreement, the buyer should not tell the agent any information he does not want the seller to know because the agent must disclose to the owner any material information they have.
2. The Broker/Agent Represents the Buyer (Great for Seller, Great for Buyer)
This is how a buyer is represented when they have entered into a written buyer representation agreement with their Exclusive Buyer's Agent. The agent must put the interests of the buyer first and foremost and will provide the buyer with any material information they have about the seller.
3. The Broker/Agent Acts As An Intermediary (Good for Seller, Good for Buyer)
If the agent obtains written consent from both the buyer and seller in a transaction, they may act as an intermediary to the transaction. The agent must treat each party honestly and fairly and may not disclose any material information about either party to the other. The intermediary agent is in essence the "middle man".
The only way Cheryl will represent you in a transaction is as your Exclusive Buyer's Agent with a written buyer agency agreement. If we didn't, then we would be representing the seller according the Texas Real Estate Commission.
