Buyer Agency
If you are a future homebuyer, you'll be happy to know that now, with buyer agency, you can choose to work with a real estate professional who represents you! Working solely in your behalf, your buyer's agent can freely discuss with you the advantages and disadvantages of a particular home, advise you on how much to offer, and actively negotiate for you. Your buyer's agent is allowed to share any known information with you, such as the seller's reasons for selling, how long the home has been on the market, previous offers on the home, and whether the seller would accept a lower price.
Buyer agency requires that your agent represent you with loyalty, diligence, confidentiality, obedience, disclosure, accountability and reasonable care. These duties are defined state law and agency law.
A buyer agency relationship is established with a written agreement between a buyer and real estate professional. Although the commission may be paid by the buyer, usually it is paid by the seller in the traditional manner--as a portion of the sales commission built into the list price.
For more information about buyer agency and the home buying process, please call me.
Compliments of
Brett Magleby, Realtor
www.MagHomes.com
RE/MAX Homestead Realty, Inc. | 1301 East 17th. Street, Suite #1 | Idaho Falls, Idaho 83404
Off: 208-529-5600 | Fax: 208-529-3283 | 1-800-729-5601 | E-mail: bm-remax@ida.net
This article is not intended to provide specific advice, but rather to provide insight into matters that we feel are useful. As always, seek professional advice prior to taking any action.
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