What is a buyer's Agent?

Does it cost me anything to have a Buyers' Agent? No. Sellers pay the commission out of the proceeds of the sale. Even most private sellers or "For Sale By Owners " are willing to pay the selling side of the commission for me to bring in my buyers.

How does it help me to work with a Buyers' Agent? A buyers agent will save you time and money. A good agent will listen to what you want and show you only homes that fit your needs and wants, and price range. When you look by hunting through ads, magazines and open houses, you find yourself looking through many homes that aren't what you are looking for. And most importantly when working as your agent, I will save you money by negotiating a price favorable to you and also providing you comparable sales information to see what the house you want to buy is worth.

What You Should Know About Agency in Texas

The Texas Legislature enacted an amendment to the Texas Real Estate License Act which became effective January 1, 1996. Among other things, the amendment changes the permitted agency relationships between a real estate broker and its client. No longer will The Michael Group act as a disclosed dual agent in a transaction in which both the seller and buyer are working with associates of our company. Instead, we will act as an intermediary in the transaction. We strive daily to provide the public and our sales associates with current information regarding the sale and leasing of property. In recent years the real estate industry and state legislatures across the country have also sought to better inform buyers and sellers about the legal relationship they may have with the real estate broker.

INFORMATION and DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIPS

Competing Clients

Buyer understands that Broker may represent more than one client seeking to purchase the same house. Broker will notify Buyer if an offer is to be submitted on the same property they are interested in, but will not discuss any of the terms or conditions of any offers made. After written notification to client of competing buyers for the same property, Buyer may terminate this agreement immediately with written notification and no further obligations. The buyer also has the right to waive any objections to any conflict by reason of competing buyers.

Texas Law

Texas Law requires all real estate brokers to disclose whom the broker will be representing

a) Buyers - b) sellers - c) or in certain situations both the buyer and the seller