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The Buyer's Agent of Central Florida
Ranked #1 in Savings in Orlando

What is a BUYER’S AGENT?

    Building a new home is easy with a Buyer's Agent.A Buyer’s Agent is a single agent who represents the Buyer in the purchase of property. In the State of Florida a Buyer’s Agent owes the following duties to the buyers:
    • Dealing honestly and fairly
    • Loyalty
    • Confidentiality
    • Obedience
    • Full disclosure
    • Accounting for all funds
    • Skill, Care and Diligence in the transaction
    • Presenting all offers and counter offers in a timely manner, unless the Client previously directed the licensee otherwise in writing.

What is an EXCLUSIVE BUYER’S AGENT?

    An Exclusive Buyer’s Agent is an agent who performs all of the above, but also does the following: Forsakes any and all loyalty to a Seller (does NOT take any listings to avoid potential conflicts of interest); Creates a fiduciary relationship with you, the Purchaser; Creates an absolute legal and ethical obligation to represent you, the Purchaser, exclusively.

How is THE BUYER’S AGENTsm paid for its services?

    There are several ways that THE BUYER’S AGENTsm representing you can be paid. It is always your choice. The most common way is the same way other real estate agents are paid. The typical commission paid at closing is usually divided between the listing broker and the broker of THE BUYER’S AGENTsm. The only difference is that our contract says our portion of the commission is paid “on behalf of the Buyer” and comes from the proceeds of the transaction. This statement also secures your representation and discloses it to the seller. Because our fee comes from the proceeds of the transaction, THERE IS NO NEED FOR YOU TO INCUR ANY ADDITIONAL COST FOR OUR SERVICES.

Do the legal terms of the contractual relationship really matter to me?

    Absolutely. If you had to go to court, would you use the same attorney the opposing side was using? Responsibility and accountability to a client are two legal requirements of agency representation. By law, real estate licensees who act as seller’s agents must negotiate in the best interest of their clients (the Sellers), not withhold information from them, and must present their property only in a favorable manner. Exclusive Buyer’s Agents negotiate in the best interest of the Buyer, do not disclose confidential information about the Buyer, and reveal all facts affecting the value of properties to the Buyer.

My agent agrees she “technically” represents the seller, but says she will be fair and “take care of me.” Isn’t that all I need?

    Of course agents try to be fair and nice to the Buyer since they want to make a sale. Because they are bound by Real Estate Laws, the Law of Agency, and their Code of Ethics, they can only do so much without jeopardizing their license to practice. For instance, transactional agents cannot tell you if a property is overpriced or how to negotiate the best purchase price. In this case, “technically” means “legally”, and if the seller has representation, shouldn’t you? As THE BUYER’S AGENTsm, we always negotiate only in the best interest of the buyer.

How does THE BUYER’S AGENTsm establish this contractual relationship to me?

    Just as Sellers establish a contractual relationship by signing a listing agreement with their agent, you establish a contractual relationship with us by signing a Buyer’s Agency Agreement. This agreement makes us legally accountable to you and not to any Seller. Only an office like THE BUYER’S AGENTsm can represent Buyers exclusively 100% of the time.

Does THE BUYER’S AGENTsm have access to all resources like the Multiple Listing Service?

    Absolutely yes and even more! We belong to the MLS so we can show you homes listed with this service. In addition, since we represent you, and not any Sellers, we regularly show homes that are “for sale by owner” and “for sale by builders.”

What if I have trouble finding a home that meets my needs?

    If you are having trouble finding your dream home, THE BUYER’S AGENTsm can help you choose building lots and builders for custom built homes. In the process, we can save you time, effort, and money!

Isn’t the agent who shows me homes representing me?

    Don’t count on it unless you have a written Agency Agreement. Agents who list property normally enter into a signed contract with the Sellers to represent them in the sale of their property. This same contract may permit the listing agent to use “sub-agents” to help secure a sale. Unless you have a written Agency Agreement with a real estate agent promising to represent only YOUR best interest you may find yourself working with an agent who is obligated to act in the best interest of the seller.

Do these savings really make much difference on a large home purchase?

    Definitely. In fact, the larger the purchase, the greater the savings. Just a 1% savings on price or a 1% savings on a 15-30 year loan can yield thousands of dollars in savings.

How much money can THE BUYER’S AGENTsm save me?

    The amount you can expect to save will vary. The following are typical ways we can save you money:

    1. Negotiate to get you the best purchase price.
    2. Include repairs and extra considerations in the contract.
    3. Seek to find the best loans and rates, not just the current “market” rate.
    4. Reduce loan processing fees.
    5. Minimize your closing costs.
    6. Provide services, such as homeowner’s warranties, and in any other way we can.

You keep referring to us as “clients”, not “customers”. What’s the difference?

    Webster’s Dictionary defines a customer as “a person who purchases goods or services.” Conversely, a client is defined as: “1. a person under protection of another; 2. a person who engages the professional advice or services of another.” According to the National Association of Realtors, “As a customer, a Buyer is not represented by an agent... the agent cannot negotiate on the Buyer’s behalf nor reveal to the Buyer any confidences of the client (the client is the seller).”

WHICH WOULD YOU RATHER BE? A CUSTOMER OR A CLIENT?

    THE BUYER’S AGENTsm services its clients, the Buyers. We work in your interest, and only your interest, 100% of the time.

How can some agents claim to represent both the Seller and me?

    You be the Judge. If you were selling a home, would you want to list it with an agent who represents the Buyer? Of course you wouldn’t, not any more than you would want to be put in the position of having to divulge details of your personal finances to the agent representing the Seller. The National Association of Realtors has described agents who try to represent both Buyer and Seller in the same transaction as “playing the professional equivalent of Russian roulette”. What Buyers usually don’t understand is that when an agent shows a Buyer any home listed with that agent’s firm, that agent (or his or her firm) is obligated to protect the interest of the Seller.

EVERYONE KNOWS YOU CAN’T SERVE TWO MASTERS!

    If you work with an agent whose real estate firm has homes listed for sale, you will probably not receive the full representation you would get if you work with an Exclusive Buyer’s Agent. There simply is no way an agent can negotiate price and terms on behalf of both the Buyer and the Seller. When you are making one of the largest investments in your life, don’t you deserve to have someone completely dedicated to working in your best interests?

1 Who Is My Client? A REALTORS’ Guide to Compliance with the Law of Agency.
Reprinted with Permission of The Buyer's Agentsm Franchise 1255A Lynnfield, Suite 273, Memphis, TN 38119.

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The Buyers Agent of Central Florida Inc.
2100 Lee Rd. Suite "B"
Winter Park, FL 32789
407-629-5915 or 800-258-5915
Fax 407-629-4338, E-mail: office@centralfloridabuyersagent.com
Each office is independently owned and operated

 

The Buyers Agent of Central Florida.