As an exclusive buyer agent, I represent only buyers of real estate, never sellers.
Most Florida real estate agents don’t represent the buyer!
An agent that describes themselves as a buyer’s agent, but lists property and also represents sellers has divided loyalties. They are not a true exclusive buyer agent. They are transactional agents.
If you want to buy a home or other property in Florida and you want your needs to be fully represented by your realtor, you need to work with an Exclusive Buyer Agent.
Before you start to work with any Real Estate Agent…
Be sure to ask yourself these seven questions:
- Who does your realtor represent?
In many real estate transactions in Florida, the real estate agent provides only a limited form of representation. The agent merely “assists” the buyer without providing any loyalty or fiduciary responsibility. Often, the listing agent “assists” both the seller and buyer. An agent that describes themselves as a buyer’s agent, but lists property and also represents sellers is not giving you his or her undivided loyalty. They are not a true exclusive buyer agent.
As an exclusive buyer agent, I do not ever list property or represent sellers.
- Are your secrets safe?
When you are represented by an exclusive buyer agent, any information that you provide is never disclosed to the seller. Your bargaining position is always safeguarded. When working with a traditional real estate agent, this may not be the case, because of divided loyalties.
As a former attorney with more than twenty years of legal experience, it is my lifetime practice to keep my client’s affairs confidential.
- Is full disclosure made to you?
A true exclusive buyer agent is committed to telling you everything they know about the property – including all known material facts, reports and rumors relative to your transaction. Their job is not to sell a particular piece of property, but rather to help you find the property that’s right for you – and get the best terms.
If I think a property is overpriced or there are reasons not to buy a particular property I will tell you.
- What are your realtor’s obligations to you?
If you are not working with an exclusive buyer agent, the real estate agent provides only a limited form of representation. The agent merely “assists” the buyer without providing any loyalty or fiduciary responsibility.
As an exclusive buyer agent in an exclusive buyer agency, my fiduciary duties to you include honesty, loyalty, obedience, full disclosure, accounting and confidentiality.
- Is the realtor operating outside of their specialty?
In other words, is a realtor offering advice on matters beyond his area of expertise? Is he giving opinions regarding surveys, laws or taxes?
For such information, I will refer you to an appropriate professional. Sometimes, it’s what your realtor does not say or do that makes a difference.
- Are you aware of all other offers?
If you are not working with an exclusive buyer agent, the real estate agent may or may not provide you with information about other offers that may have been made for this property.
I will present any and all offers and counter offers from the seller to you during the negotiations.
- Are you still waiting for your phone call to be returned?
Making an investment in real estate can be stressful. When you have a question you want an answer.
My policy is to return your phone call on the day it is received. If anything prevents this, the call will be returned the very next day. Guaranteed!