Larry Estabrooks, Independent Agent, REALTOR® is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
#1 Moncton Real Estate Blog: Test Drive a Buyer's Agent
Test Drive a Buyer's Agent
Test drive a Buyer's Agent without any obligation? Can I do that a consumer asks? YES YOU CAN !
Do you like to sample or test drive a product or service before you commit to it? Well if you are about to set out on the road to homeownership, you may choose to be unrepresented and "go it alone". Or you may choose to be represented by a real estate licensee - a Buyer's Agent.
The vast majority of Seller's have their own Agent. Some even have a "team" of salespeople, all representing the Seller's best interests. Why should you, a Buyer, be unrepresented when selaing with all these sales representatives for the Sellers? You have the right to full representation and the undivided loyalty of your own Agent. A Buyer's Agent will be loyal to the buyer client and represent the buyer client's best interests throughout the buying process.
Test drive the services of a Buyer's Agent before you commit. Be sure to ask the Buyer's Agent for their "Disclosure of Role - Agency" right from the start. If the Buyer's Agent discloses they might ask you to agree to Dual Agency, think twice. Why give up full representation and undivided loyalty? So the Seller's Agency won't have to share the real estate fee or commission?
In an MLS® listing agreement the Seller agrees to pay the Listing Agency a fee or commission. The Listing Agency agrees to pay any Buyer Agency a portion of that fee or commission. If a consumer buys through the Listing Agency, the Listing Agency does not have to share the fee or commission with another Agency. This is known as a "double ender" for the Listing Agency. And a lot of double enders involve double agency and a conflict of interest.
So take a test drive and read the Buyer Agent's "Disclosure of Role - Agency". If your not happy, test drive another until you find one that's right for you. And remember, you have a right to know the policy of the Agency should a conflict of interest (dual agency) situation arise. You also have a right to single agency and the Undivided Loyalty of your own Buyer's Agent.
I'm a licensed independent real estate agent in Moncton, New Brunswick. I represent Buyers and invite you to take a test drive of my professional services. Find me at LarryEstabrooks.com
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