Homebuyer Representation, Inc.
Exclusive Buyer's Agents in the News and Media
The best way to buy a home is with an agent on your own side.
For over 40 years news outlets, consumer advocates and financial experts have stressed the importance of having your own advocate when buying a home. These agents that work for buyers only are known as Exclusive Buyer's Agents or Exclusive Buyer Brokers.
Nearly every home seller has a professional working for them, and it's critical to have someone in your corner working for you.
The following quotes are from experts, authors, consumer advocates, government agencies, supreme court rulings, personal finance publications, and respected business outlets. All of them emphasize the powerful benefits of having an exclusive buyer agent working for you when buying a home. They also point out possible issues that could harm you if you don't have an agent working in your best interest.
This is stuff you don't get taught in school but it is so important!
Here's just a small sample of what they have been saying:
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. - Robert Irwin, “Tips and Traps when Buying a Home”
Don't ever buy a property directly from the listing broker. Having your own agent will help you get the best price and terms. - Hume Publishing's “Successful Real Estate Investing”
Buyer Brokers will better represent the interests of buyers... They are more likely, for example, to negotiate a lower sales price on a house. - American Association of Retired Persons (AARP)
Unlike the traditional agent who looks out for the seller, a buyer-broker acts as your advocate, helping you find the home you want and then negotiate the lowest possible price. [Exclusive Buyer Agents] represent only buyers, never sellers. - Money Magazine
If your agent isn't a Buyer Broker - he works for the seller. - US News
If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers. - The Consumer Federation of America (CFA)
It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an 'exclusive buyer’s agent', who will be working for you. - US HUD "Shopping for Your Home Loan: HUD's Settlement Cost Booklet"
“How can a buyer’s rep... maintain complete loyalty to their buyer if he or she also owes complete loyalty to the seller? Obviously, they can’t.” - National Association of REALTORS Real Estate Buyer’s Agent Council (REBAC)
Your goal should be to engage an agent who will represent only your interests. Not just a `buyer broker´, but an exclusive buyer broker. Make sure that is what you are getting. - Joseph Eamon Cummins, Author, Not One Dollar More!
Most agents who show you homes don't represent your interests. They work for the seller, and their object is to sell the house at the highest possible price. - USA Today
"Sellers' agents and dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent who acts on behalf of a buyer. ... A buyer who relies on the seller's agent or on dual agency does not receive the same degree of legal protection as that afforded by an agent acting solely on behalf of the buyer." - Oklahoma Supreme Court SNIDER v. OKLAHOMA REAL ESTATE COMMISSION
"Confide to a traditional real estate broker that you're prepared to bid as much as [$xxx,xxx] on a house, and the broker will tip off the seller. Tell a buyer-broker, and the seller will never know." - Money Magazine
“Depending on the laws in your state, you may find yourself working with someone who is actually negotiating for the seller, not you the buyer. The best way to be certain your interests are being considered and protected is to sign a buyer agency agreement with a trained buyer’s rep, which clearly establishes client-level services and spells out what services you can depend upon. - National Association of REALTORS Real Estate Buyer’s Agent Council
"You can be candid with a buyer broker without fear of aiding the seller; in turn, buyer brokers will use what they can ferret out about the seller to your benefit." - US News & World Report
What you need is what's known as an "exclusive buyer agent." - Money Magazine
Buyer's brokers work only with buyers and don't take listings. They're obliged to help you find the best deals and lowest price. - Kiplinger’s
"Only by using an exclusive buyer agent can a buyer be sure all information is kept confidential. Only an exclusive buyer agent can give the buyer an objective, experienced opinion of the homes viewed to ensure the buyer gets the right home, in the right location, at the right price." - Mobility Magazine
"Level the playing field when you buy a home... The introduction of buyer brokers takes a horribly one-sided process and simply makes it fair," - Medical Economics
Hire a buyer´s broker. When in the market for a home, the best defense is a strong offence. - WORTH
...Make sure you get one who's genuine... You can find a true buyer's agent only at a firm that does not accept listings. - Consumer Reports
Exclusive buyer's agents work only for consumers and often can save them money... [they] are not tied to any particular property or agency, so they will show buyers any home, even those for sale by owner. - Los Angeles Times
In millions of deals, year after year, home buyers have been confiding financial information to the [listing] broker. Even disclosing their highest bidding price, not knowing that the [listing] broker is obliged by law to relay that intention to the seller and make sure the seller gets the highest price possible. - Wall Street Journal
(Buyer) brokers are obliged to get buyers the best deal possible, they approach a house with a critical eye for apparent flaws. - Business Week
Although... agents and brokers provide helpful advice, they may legally be representing the interests of the seller and not yours. - US HUD
You can't have partial loyalty. An agent either works for you or works for someone else." - CONSUMER REPORTS
Exclusive agencies are best. They remove any conflict of interest, which is the main reason for considering a buyer broker in the first place - Alan & Denise Fields, “Your New House”
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The [Exclusive Buyer] broker must get you the best deal. "In my experience, all of them do." Says Stephen Brobeck, executive director of the Consumer Federation of America.
Homebuyer Representation, Inc. specializes in Exclusive Buyer Representation for clients with excellent credit, good down payments, and looking to purchase single family residential homes between $500,000 and $5,000,000 in the Salt Lake City, Utah area within 60 days.
If this describes you, message us for a free consultation today. If you need to purchase a home in another state, Find An Exclusive Buyers Agent here. Our Relocation Department can help you find Buyer Agents nationwide at RepRelocation.com
Whether you are buying a home in Utah for the first time, purchasing a second home in Utah, buying from a builder, or relocating to Utah from another state, make sure the agent you are working with is working for you! Buying a home in Salt Lake City, Utah or the surrounding area? Our Exclusive Buyer Agents will represent you only and can guide you through the homebuying process so it is fun and enjoyable, all while protecting your best interest and helping you get the best deal.
The information provided on this site is provided free of charge with no obligation.
Awards, Recognition, Associations, Certifications & Designations for Homebuyer Representation, Inc. and it's Principal Broker:
Exclusive Buyer's Agent (EBA)
Certified Negotiation Expert (CNE)
Certified Exclusive Buyer Agent (CEBA)
Certified Client Protection Expert (CPE)
Accredited Buyer Representative (ABR)
Graduate REALTOR Institute (GRI)
Real Estate Negotiation Expert (RENE)
Council of Residential Specialists (CRS)
Master Certified Exclusive Buyer Agent (M-CEBA)
Master Certified Negotiation Expert (MCNE)
Seniors Residential Specialist (SRS)
Former President - NAEBA
Former Director - NAEBA
Member - Salt Lake Board of REALTORS
Member - Utah Association of REALTORS
Member - National Association of REALTORS
Member – Real Estate Buyer Agent’s Council – (REBAC)
Member - National Association of Exclusive Buyer Agents
Member – Residential Real Estate Council (RRC)
Author - BuyingAHomeInSaltLakeCityUtah Blog
