What the Media is saying about Exclusive Buyer Representation:
"Exclusive agencies are best. They remove any conflict of interest, which is the main reason for considering a Buyer Broker in the first place."
- U.S. News World Report
"You can often negotiate a lower price by employing a buyer broker who works for you , not the seller. If the buyer broker or broker's firm also lists properties, there may be a conflict of interest..."
- 66 Ways to Save Money - Booklet by Consumer Federation of America
“Many people don’t realize that, unless specifically stated otherwise, brokers are legal representatives of sellers. A buyer broker, representing only the buyer, may be able to secure a better price and better terms.”
“Buyer brokers: agents that buyers can call their own…If your real estate agent isn’t a buyer broker, he works for the seller…Buyers no long have to fend for themselves.”
-U.S. News & World Report
“Level the playing field when you buy a home…You may get a better deal with your own broker pulling for you…The introduction of buyer brokers takes a horribly one-sided process and simply makes it fair,” says one broker.”
“Exclusive Buyer Agency is becoming accepted. Unlike traditional real estate arrangements, under which the agent works for the seller, buyer brokers work for the buyer.”
“Confusion often arises because many buyers believe that the agent who shows them houses works on their behalf. In fact, subagents of the listing broker – often they are agents who work for another office – also act on behalf of the seller.”
-New York Times
“Buyer brokers have the buyer’s interests in mind. They act as a personal advocate, hunting for the right house and haggling with the seller’s agent. In fact, a 1992 study by a national long distance phone company, found that 200 relocating workers who used buyer brokers paid an average of 91% of the offering price, whereas those using traditional brokers paid 96%.”
-Diversion Magazine for Physicians