What is a Buyer Brokerage?

The SHORT ANSWER IS... A Buyer Brokerage is a company that represents the interest of Buyers exclusively. A Buyer Brokeage never has contractural obligations to Sellers as most brokerages do today.

In 1993 the National Association of Realtors┬« (NAR) defined Exclusive Buyer Agency in its Agent's Guide entitled: Agency: Choices, Challenges & Opportunties: "Exclusive buyer agency -- The practice of representing only buyers and never sellers in a transaction. The company never lists a seller's property and thus never has a seller as a client."    Today, this definition has been DISTORTED by brokerages attempting to serve the opposing objectives of both buyer and seller.

Buyer Brokerages provide their Buyer clients with undivided loyalty, full disclosure, complete transparancy and confidentiality. These are the "fiduciary" duties provided to buyers by Exclusive Buyer Agent working in Buyer Only Brokerages.

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