Colorado Real Estate - Buyers AgencyHow important is it to you to have a real estate agent dedicated exclusively to your needs and wants? |
| Summit County, Colorado > Real Estate > Buyers Agency | |||||||||||||||||
Home Sellers / Buyers Guide to Colorado Mountain Real Estate in Breckenridge, Keystone, Frisco, all of Summit County Colorado and near by areas. | |||||||||||||||||
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Buyers AgencyIn a buyer’s agency situation the broker represents the buyer exclusively in a fiduciary capacity. Many buyers’ brokers practice single agency and will never represent both the seller and the buyer. Many buyers’ brokers represent only buyers and refer prospective sellers to other brokers. In this case these brokers can not even sell their own home since they would be representing the interests of both the buyer and the seller. These brokers are referred to as exclusive buyer brokers. Some of them are part of a National Association of Exclusive Buyer Brokers (NAEBA). Buyer representation has gained widespread acceptance and there are good reasons for contacting an exclusive buyer’s agent. An agent for the buyer has a different agency relationship than a buyer/client may receive from a real estate agent. These duties may include absolute confidentiality to a buyer/client when representing them. The buyer agent will counsel the buyer/client regarding financial qualification and assist in working with mortgage lenders. The buyer agent will also prepare a comparative market analysis to determine the target property’s market value and provide the buyer/client with an estimate of closing costs and truth-in-lending estimate provided by the mortgage company. If you are considering buying a home in Summit County, it might be in your best interest to save time and money in contacting a buyer’s agent to help you with searching a home, mortgages, closing costs, negations, and the real estate transaction. Related Information:
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