FAQ's
Frequently Asked Questions
Q. How much will the services of an Exclusive Buyer's Agent cost?
A. Nothing. Our commission is paid to us by the Seller through escrow.
Q. Can an Exclusive Buyer's Agent represent me if I buy a "For Sale By Owner"?
A. Yes. The Exclusive Buyer's Agent discloses to the Seller that he or she is representing the Buyer and normally the Seller is receptive to paying a commission.
Q. Why would an Exclusive Buyer's Agent work for a better price for the Buyer if the agent is working on commission?
A. In the usual commission split between a broker and an agent, a $5,000 difference in price only results in a minimal difference in the commission the agent receives. Good will and word of mouth advertising are much more valuable to us, not to mention the agent's legal obligation to represent the Buyer's best interests.
Q. Don't some agents represent the Buyer and the Seller. How does that work?
A. It works well for the Seller and the Seller's Agent, but not the Buyer. The Selling Agent has a fiduciary relationship to the Seller to get the best price and terms for him. If you plan on exploring home buying opportunities, use the services of an Exclusive Buyer's Agent.
Q. Can an Exclusive Buyer's Agent tell me if the asking price for a home is above the market price?
A. Good Exclusive Buyer's Agent can research previous sales to determine the value of a particular home in a given neighborhood. Completing a Competitive Market Analysis (CMA) will help determine the price you should pay.
Q. Does an Exclusive Buyer's Agent have access to all resources like the Multiple Listing Service?
A. Definitely yes. In addition, since we represent you, the Buyer, and never the Seller, we regularly show homes that are "For Sale By Owner" in addition to those listed in the MLS.
