What is a buyer's agent?
When shopping for a home it is important that you feel you can trust the Agent you are working with. After all, this is someone you may be sharing your personal, financial, and confidential information with as you work together in the home buying process. How is this level of trust established? How can you be sure that they have your best interest in mind, and that they will keep your information confidential? The answer is: you don't, unless they represent you as your Buyer's Agent.
A Buyer's Agent provides a client-level service to the buyers they work with. This level of service includes fiduciary duties such as Loyalty, Full Disclosure, Confidentiality, Reasonable Care and Diligence, and Accounting.
- A Buyer's Agent is legally bound to represent the Buyer's interest exclusively.
- A Buyer's Agent assists the Buyer in writing and negotiating offers in the Buyer's favor.
- Buyer Representation gives the Buyer the same level of loyalty and service that the seller receives from their Listing Agent.
- A Buyer's Agent cannot disclose any confidential or financial information about their client unless they have written permission from their Buyer client.