Home Buyers Guide – Choosing The Right Agent

Contact An Agent

At the beginning of this home buyers guide we will explore the variety of agents available and how you can choose the right agent for you. (There are three ways in which you can be represented during the purchase of a new home.)

Why do people often choose the worst form of representation? Usually because of misinformation about the home buying process.

Our goal is to be your Exclusive Buyer Agent and to assist you in making well-educated and informed
decisions throughout the home buying process. You can be represented in a real estate transaction in the following ways:

The Broker/Agent Represents the Seller

(Good for Seller, Bad for Buyer)

This is the agent who has a written agreement to manage the sale of the seller’s home. In addition, if any agent shows you homes without being in a written buyer representation agreement with you, by law they are acting as a sub-agent to the seller and have fiduciary duties to the seller, not you! In this agreement, the buyer should not tell the agent any information he does not want the seller to know because the agent must disclose to the owner any material information they have.

The Broker/Agent Represents the Buyer

(Great for Seller, Great for Buyer)

This is how a buyer is represented when they have entered into a written buyer representation agreement with their Exclusive Buyer Agent. The agent must put the interests of the buyer first and foremost and will provide the buyer with any material information they have about the seller.

The Broker/Agent Acts as an Intermediary

(Good for Seller, Good for Buyer)

If the home you buy is listed with Goldwasser Real Estate, then your buyer agent will be assigned to represent you as the buyer in an intermediary capacity. Your buyer agent will still be bound by the duty of confidentiality and will not disclose any of your information to the seller or the seller’s agent.

An Intermediary Relationship occurs when one Broker represents both parties in a transaction and assigns individual agents to represent each party exclusively. Each party of the transaction will acknowledge this relationship in writing.
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Over the following weeks we will publish a complete home buyers guide on our website. Please check back often, or, better, subscribe to our blog—in the top right corner of this page—to receive regular updates by e-mail.

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