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Ummel Case Juror Suggests "Buyers Agents Suck"

jury seatsOK. Those weren't her words.

Read this article from The Voice of San Diego (author, Kelly Bennett) and comment if you like.

Here are a few quotes from the juror:

"After my seven days of realtor training (sitting in a court room), I may consider not using a realtor in my next purchase of property."

and

"I think selling with a realtor is very different than buying with a realtor. I probably would sell a house with a realtor because of the advertising, showing, and negotiations, etc."

And the article's author states in the final line:

"...buyer's agents are not the be-all, end-all in the home-buying transaction, as some market themselves to be."


The fact is that simply assisting a Buyer in a real estate transaction does not make you a true "Buyer's Agent". In fact, in many states, you might not be the Buyer's "Agent" at all.

Many states allow for dual-agency, where the same agent represents both the Seller and the Buyer with reduced representation, or "transaction brokerage" where the brokerage purports to represent neither the Seller or the Buyer in the transaction. Even worse, you could just be the Listing Agent's "customer" with absolutely nobody looking out for your best interest in the transaction.

So, what is a Buyer to do?

There are, in fact, some real estate brokerages that represent Buyer's only. These brokerages take no listings and in fact, will (among other things):

  • show their clients comparable sales data,
  • negotiate on the Buyer's behalf and
  • protect the Buyer's interests throughout the real estate transaction

These brokerages and their agents are called Exclusive Buyer's Agents (EBAs) and many EBAs belong to the National Association of Exclusive Buyer Agents (NAEBA), a trade association that advocates for home buyers and whose members adhere to a Code of Ethics that binds their loyalty to home buyers.

The bottom line is that not all "Buyers Agents" are equal. "Some who market themselves to be" true advocates and representatives for the Buyer, just may actually be what they say.

If you are thinking about moving to the Salt Lake City area, make sure you get the real deal. Make sure you get an Agent on YOUR side! 

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Area. We do not list any homes. We never represent Sellers.

We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

We're "The Real Estate Agents on the Buyer's Side" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$1,000,000 home in the Salt Lake area in the next 60-90 days, call us at (801) 969-8989 or contact us via the link on this page.

©2008 Homebuyer Representation, Inc. All Rights Reserved

 

 

 
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Author

Benjamin Clark - Exclusive BUYER'S AGENT - Salt Lake City, Utah
Homebuyer Representation, Inc.
Salt Lake City, UT

Office Phone: (801) 969-8989
Cell Phone: (801) 969-8989

More information...

Contact Benjamin Clark - Exclusive BUYER'S AGENT - Salt Lake City, Utah

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