THE BUYER BROKER ROLE

Why use a broker? The short answer is there is nothing but benefits for you at no cost. A seasoned broker will be able to guide you through all the complicated steps of the buying process, ensuring that all goes smoothly. When you purchase a property, the broker is compensated by receiving a percentage of the seller’s home sale – there is no cost to you. There are two types of buyer broker roles:

Transaction Broker

A transaction broker assists the buyer, seller or both throughout the real estate transaction. No written agreement is required. Here the broker works without being an agent or advocate for either of the parties, but completes the transaction meeting professional standards and requirements.

Exclusive Buyer Broker

An exclusive buyer’s broker solely represents the buyer. A written agreement between the broker and client is completed. The exclusive broker works on behalf of the buyer to promote the his/her interests and act on his/her behalf. Under this agreement, the buyer is not just a customer, but a client. The broker is motivated to find a property and complete the transaction to the client’s satisfaction. Additionally, an exclusive buyer broker may have exclusive leads (properties he/she knows are available but are not publicly for sale) which the broker would be inclined to disclose only to clients.

See our “Exclusive Offerings” page for these properties