I picked up this great video recommending exclusive buyer agents on MyBuyerAgent.com, a Web site operated by Richard Machado, who is a real estate professional in the New Bedford area.
The video is a clip from NBC's Today Show featuring information about choosing a real estate agent from financial reporter Jean Chatzy.
"Exclusive buyer agent - this is a new wrinkle and if you have your druthers, if you have a choice, this is the way you want to go.... They work just for buyers, they never take a listing, they don't have the conflict of interest on the other side of the deal. These people consider themselves consumer advocates....that's the one you want - if you can get it," Jean Chatzky said.
I am an exclusive buyer agent (and lawyer) in Haverhill Massachusetts. I help consumers buy homes in Essex and Eastern Middlesex counties. For more information visit: http://www.buyersbrokersonly.com
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This is interesting, but not completely true. In the state of Texas we are required to give consumers Information about Brokerage Services, so yes, in Texas we do state what side we are representing by law. I think portions of this video are very good, but not completely accurate. Thank you so much for sharing.
Edit to say: I also think many of us whether representing the buyer or seller consider ourselves consumer advocates or something of the like and go above and beyond to give our clients the absolute best service possible. Again, thanks, I like positive information about Realtors.
The same is true in Massachusetts and New Hampshire. There is mandatory agency disclosure, although many agents confuse mandatory with voluntary.
Richard, that's a shame, but I think as with anything in life, there are always bad apples. I am just happy to hear a half way decent plug that supports us in this profession.