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To Buyers: If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers, states The Consumer Federation of America. Groups such as The Consumer Federation of America and AARP recommend using buyer's agents.

"Unlike the traditional agent who looks out for the seller, a buyer broker acts as your advocate, helping you find the home you want and then negotiating the lowest possible price. The best buyer brokers are so called exclusive agents - that is, they represent only buyers, never sellers..." Money Magazine