Exclusive Buyer's Agents
Without making any claims as to the advantages or disadvantages of exclusive buyer's agency, I would like to list what I determine are the related facts.
1. Exclusive buyer agents work only for buyers and never sellers.
2. A Buyer agent that is not exclusive may in some circumstances have a responsibility to both a seller and a buyer if the listing you are buying is represented by the same company as the agent you are using. This may be handled with the agent being a limited, consensual, dual agent with limited abilities to both the buyer and the seller since both parties are being represented by the same company. This would be permitted only if both parties agree (consensual).
3. Exclusive seller agents work only for sellers and never buyers.
"Show me the money!"
"Part of my business model which has led to my success is to help buyers purchase a home which in the future (5 - 7 years average) I will list "for sale" as my previous buyers now become my new sellers. Part of my motivation is to help buyers make one of the most important financial decisions of their life which is further realized when they sell the property which I assisted them in buying. "
"If I am successful with the buyer then I insure my future success when I assist the new seller (old buyer) in selling the property which I helped them to buy. My motivation to assist a buyer is in part my motivation to help the future seller have a another successful real estate transaction. The value of this motivation should be considered when working with an agent who will desire your future business."
"An exclusive buyers agent will never list a home which they help you to buy even when you the buyer become the seller. I am therefore responsive to the buyer even after the sale since I view my actions with the buyer as being just partially accomplished."
"As your "REALTOR for Life" my interest is to help you both buy and sell your property or properties while in the local area and my responsiveness to your requirements is indicative of this commitment."
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