Consumer Advocates Agree

Protect yourself and be sure your REALTOR has your interests in mind with your Denver real estate transaction.

moneymag“Unlike the traditional agent who looks out for the seller, a buyer-broker acts as your advocate … the best buyer brokers are so called exclusive agents – that is they represent buyers, never sellers, and thus are not tempted to push a house on which they stand to earn a double commission. You can find a true buyer broker in most states by calling Buyer’s Resource and stipulating you want an exclusive agent.”
-Money Magazine

diversionlogo“Exclusive Buyer Brokers have the buyer’s interests in mind. They act as a personal advocate, hunting for the right house and haggling with the seller’s agent. In fact, a study by a national long distance phone company [Sprint], found that 200 relocating workers who used exclusive buyer brokers paid an average of 91% of the offering price, whereas those using traditional real estate brokers paid 96%.”
-Diversion Magazine

tommartino“Definitely use an exclusive buyer’s agent when buying a home – someone who doesn’t keep you captive with a long-range, hard-to-cancel contract.”
-Tom Martino “Trouble Shooter”
630-AM KHOW & Rocky Mountain News

RD“Always remember that a real estate broker does not work for you, but the seller If you want a broker on your side, get a buyer broker.”
-Reader’s Digest

bweek“A conflict of interest is more likely when a real estate firm that represents sellers assigns you one of its brokers as a buyer agent. That’s why many people believe an “exclusive” buyer broker is preferable.”
– Business Week

mobility“When buyers do not use an exclusive buyer broker, they are generally dealing with a professional, trained selling agent who has pledged to get the best price and terms possible for the seller.”
-Mobility Magazine

ust“Agents: How to hire one for your side.” “Most agents who show you homes don’t represent your interests. They work for the seller, and their objective is to sell the house at the highest possible price.”
-US Today

latimes“Exclusive buyer’s agents work only for consumers and often can save them money – and they don’t cost more to hire … Buyer’s agents are not tied to any particular property or agency, so they will show buyers any home, even those for sale by owner.”
-Los Angeles Times

bweek-1“To protect themselves, buyers can retain their own exclusive representative, called a “buyer’s broker”. Your local agent may offer such services, but be aware that buyers’ brokers who also work as sellers’ brokers can sometimes end up on both sides of the deal.”
-Business Week

USN“Buyer Brokers: agents that buyer’s can call their own.” “If your real estate agent isn’t a buyer broker, he works for the seller.” “Buyers no longer have to fend for themselves.”
-U.S. News and World Report

d-dollar“Your goal should be to engage an agent who will represent only your interests. Not just a ‘buyer broker’, but an exclusive buyer broker . Make sure that is what you are getting.”
–Joseph Eamon Cummings, author- Not One Dollar More

USN“Confusion often arises because many buyers believe that the agent who shows them houses works on their behalf. In fact, subagents of the listing broker — often they are agents who work for another office – also act on behalf of the seller.”
-U.S. News and World Report

d-image001-1“Exclusive agencies are the best. They remove any conflict of interest, which is the main reason for considering a Buyer Broker in the first place.”
-Changing Times

d-goodhouse-1“Many people don’t realize that, unless specifically stated otherwise, brokers are legal representatives of the sellers. A buyer’s broker, representing only the buyer, may be able to secure a better price and better terms.”
-Good Housekeeping

motleyTraditionally, the real estate agent has always represented the seller of the house. So whenever you walk into an agent’s office and say something like, “I’m ready to offer $150K but would go as high as $160K if I had to,” that agent is duty-bound to tell the seller about your conversation.

Even though a traditional agent may spend hours and hours with you, her allegiance isn’t to you at all. It’s to the seller, and in this regard her main motivation is to get as much money out of you as possible. There are two reasons for this. One, it makes the seller happy to get a lot of money. Two, as we’ve seen, the agent’s commission is based on a percentage of the selling price. The more you pay, the more she makes.

There are many agents who will take exception to looking at their business so coldly. And there are many fine and ethical agents in the world. But the bottom line is that sellers’ agents are salespeople who make their living off commissions. Never forget that, no matter how nice they are.”
-The Motley Fool