Exclusive Buyer Agent (EBAs) work solely for buyers, thus avoiding the conflicts of interest inherent in the traditional seller-oriented purchase transactions. This unique relationship of committed trust and care assures buyers the best possible home buying experience. When you have an EBA (Exclusive Buyer Agent) on your side, you can rest assured that he or she works solely for you and representing your best interest and avoiding conflicts of interest that arise during a real estate transaction. This unique relationship is built on trust and commitment means that the buyers net the best possible outcome. For those who have used an EBA, they know it's a win-win situation.
But how does one go about finding the best real estate buyer's agent or EBA? While doing a web search for a potential real estate buyer's agent is usually the first step, also consider talking with friends, neighbors and local real estate companies that might offer advice concerning someone they have worked with before. Here is a list of questions to consider when looking at a real estate buyer's agent. You might even want to present this list of 10 questions before signing any agreement.
1. Will you guarantee me that you will not be representing any seller at any time while you are working for me?
2. Do you, or the company you are with, ever list properties for sale?
3. Will you point out all the negative aspect of each property as well as all the positive aspects so I will be fully informed when making my decision?
4. Will you provide information on comparable sales and help me formulate an offering price and negotiating strategy?
5. Do you have a list of lenders, home inspectors, insurance agents and other professionals that you recommend?
6. Will you tell me everything you can find out about the seller and their reasons for selling?
7. Will you show me all the homes on the market that meet my needs, including For Sale By Owner properties, foreclosures, and other properties?
8. Will you guarantee me your undivided loyalty?
9. Will you guarantee me you will not try to change your relationship with me to "dual agency", "designated agent", transactional agent", or any other form of agency that offers reduced levels of service?
10. Can you guarantee me 100% loyalty 100% of the time?
Only an Exclusive Buyers Agent working in an Exclusive Buyer Agency can answer "Yes" to ALL of the questions. When a potential real estate buyer's agent knows beforehand your desires and expectations, they will do all in their power to meet those demands. It is your right as a buyer, to request when meeting with your buyer's agent.
If you were to find a real estate buyer's agent, have signed documents that now tie you to him or her and you begin to notice a lack of performance on their part, you might consider having a meeting to go over the list of questions above once again. A large amount of money is involved in this relationship and the buyer's agent needs to understand your feelings every step of the way. Never feel you are a burden, a hindrance or annoyance during this process. It is their job to work for you and give you their full attention when assisting you in buying a home. If you find that the real estate buyer's agent has not met any of your demands, you have every right to end the relationship and find someone else.
