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Benefits of a Buyers Agent
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Traditional Agent |
Buyer's Agent |
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Can show you all the properties in the MLS (multiple listing service), as well as other properties they MAY be aware of. |
Will show you all the properties in the MLS as well as For Sale By Owner Properties, foreclosures, Bank Owned Properties, even properties not on the market! |
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Can tell you the price the Sellers are asking for homes but cannot suggest an offering price. |
Will tell you the price the Sellers are asking for homes; will calculate the fair market value of the home for you, and assist you in determining an offering price and negotiating strategy. |
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Can convey your offer to the Seller or their Agent and convey their response to you. |
Will assist you throughout the negotiation process offering advice and information every step of the way. |
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Can provide you with a "list" of title companies, home inspectors and other professionals for you to choose from. |
Will recommend title companies, and other professionals who provide services you will need. |
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Can tell you some general information about the Seller. |
Will tell you everything they can find out about the seller and their motivation for selling. |
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Must tell the Seller everything they know about you, your financial status, and your motivation for buying. |
Will keep any information about you CONFIDENTIAL. |
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"Thinks" in Seller's terms-get the highest possible price for the property. |
"Thinks" in Buyer's terms- get the lowest possible price and best terms for the Buyer. |
Obligations of a Buyers Agent
In the Buyer Agent-Client relationship, the Buyer Agent owes the following obligations to the Buyer.
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Loyalty- The Agent must place the interests of the Client ahead of anyone else, including the Agent.
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Full Disclosure-Client must receive all information known to their Agent that will assist them in the transaction.
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Confidentiality-Information about a Client that could be beneficial to the other party to the transaction and detrimental to the Client cannot be divulged by the Agent. The responsibility to keep Client information in confidence goes beyond the bounds of the real estate transaction as well. Agents cannot share confidential information with anyone, even if that person is not involved in the transaction.
Any information received in a client level relationship must be preserved, even after the relationship is terminated.
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Reasonable Care and Diligence- Buyer Agents have the same responsibility of diligence to Buyers that Seller Agents owe to Sellers. The duty of reasonable care requires that an Agent perform all functions required within the scope of his or her real estate license.
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Obedience- An Agent is required to follow all lawful instructions of the Client.
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Accountability- All funds and documents entrusted to the Agent on the Client's behalf must be accounted for by the Agent.
Erika Capobianco
508-548-3415
508-509-4610 |
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