How do I Find an Exclusive Buyer Agent?

An exclusive buyer broker is a real estate agent who functions only for buyers. The concept is to eliminate the prospect of a conflict of interest which may result from a broker representing both the buyer and seller. It is very important to note that typically, the private buyer broker is paid by the vendor’s broker, who collects the full commission from the vendor and shares it with the broker that actually made the sale.

Contact the National Association of Exclusive Buyer Agents (NAEBA), a national organization that sets standards of practice and ethics for exclusive buyer representatives, to get a listing of members who are employed in the area you’re considering moving to.

Contact the local real estate board at town or region you are considering moving to and ask a list of Accredited Buyer Representatives (ABRs). Agents that possess the ABR designation are not necessarily exclusive buyer brokers, but they do possess specialized training in representing buyers and they have completed a number of transactions.

Write a list of interview questions to the prospective brokers. They ought to be ready to have an exclusive relationship with you and not work for the vendor of a home you attempt to buy. Ask about their experience, including how long they have been selling real estate and transactions they have completed in the past year. Whenever you can, find you need to purchase. Also, ask how they will compile listings to show you. There are various sources besides the multiple listing service (MLS). A fantastic buyer agent additionally hunts newspaper classifieds, Craigslist and”for sale by owner” sites for properties not listed in the MLS.

Several agents in the association membership lists from phone or email. The brokers will have questions for you, also. Be honest about where you are in the process of purchasing a home. Inform them whether you are prepared to purchase today or planning to buy in the foreseeable future. They have got mortgage pre-approval will have to know whether you are currently working with another broker, or can show evidence of funds for a money purchase. Explain exactly what you need in a home and how much you are able to pay.

Note dates and the times of your calls and emails, and the brokers for. Cross brokers off your list who don’t respond to email or your voicemail within 24 hours. They might not work hard to keep it, if they don’t work hard to get your company.

Narrow the list of agents according to your impressions of their answers they gave to the questions, and to your queries you were asked by them. Make your decision from this list. Consider if you”clicked” with a single agent particularly, or believed that one was more knowledgeable than the others. If your mind keeps coming back to the same broker, that the right broker for you. If not, list their qualifications and choose the one with the credentials.

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