Buying a Home?

Internationally acclaimed finance specialist Suze Orman endorses the National Association of Exclusive Buyer’s Agents in the “Finding a Buyer’s Agent” section of her popular website. Read more.

“…Finally, make sure you get what’s known as an exclusive buyer’s agent, one who is exclusively loyal to you, the buyer.”

 

Note: HelpUBuy America is not a part of Ramsey’s endorsed realtor program where agents pay a monthly fee and referral fee to be included in the program. Our accolades and endorsements are earned, not purchased.

“Real estate and housing is one of the least consumer protected areas in our country and buyers overpay for housing by more than $10 billion due to poor representation.” In Agency Law Quarterly, Nader “again held up exclusive buyer brokerage as the only legitimate option for the home buying public.”

CNN Financial

“Home-buyers may not realize that the friendly real-estate agent who has shown them through dozens of homes and shared their secrets is legally obliged to use that information to help get the best possible price and terms for the seller.”

 

Motley Fool

“Even though a traditional agent may spend hours and hours with you, her allegiance isn’t to you at all. It’s to the seller, and in this regard her main motivation is to get as much money out of you as possible. “

 

US News & World Report

“Buyer brokers: agents that buyer’s call their own…” “If your real estate agent isn’t a buyer broker, he works for the seller.” “Buyers no longer have to fend for themselves” 

 

USA Today

“Agents: How to hire one for your side.” “Most agents who show you homes don’t represent your interests. They work for the seller, and their object is to sell the house at the highest possible price.”

 

Wall Street Journal

“But consumer advocates say [dual agency] cheats both buyers and sellers, denying them an agent’s allegiance and undivided attention at a time when they’re making a major financial decision. ‘You’re either loyal or you’re not. It’s like being slightly pregnant,’ says Maureen F. Glasheen, former counsel to the New York Secretary of State, who opposes dual agency.”

CNN Money

What you need is what’s known as an “exclusive buyer agent.” – CNN Money – “Money 101, Lesson 8: Buying a Home”

 

US Dept. of Housing & Urban Development

“Although… agents and brokers provide helpful advice, they may legally be representing the interests of the seller and not yours.”  “Shopping for Your Home Loan: HUD’s Settlement Cost Booklet”

Bloomberg

“(Buyer) brokers are obliged to get buyers the best deal possible, they approach a house with a critical eye for apparent flaws. “

Money

“Confide to a traditional real estate broker that you’re prepared to bid as much as [$xxx,xxx] on a house, and the broker will tip off the seller. Tell a buyer-broker, and the seller will never know.”

Los Angeles Times

“Exclusive buyer’s agents work only for consumers and often can save them money… [they] are not tied to any particular property or agency, so they will show buyers any home, even those for sale by owner.”

Consumer Federation of America

“If you want representation, work with a buyer broker. They are legally obligated to represent your interests in any negotiations with sellers.”

New York Times

“A buyer’s broker is prohibited from disclosing to a seller that the buyer can, or will, pay more than what has been offered… To eliminate conflict of interests, exclusive buyer agents do not take listings. Buyer’s broker make a great deal of sense.”

Kiplinger

“Unlike traditional agents, EBAs don’t work for listing brokers, so they avoid the risk of dual agency — when one broker represents both parties. EBAs are still paid by the seller, but they can promise to represent your interests exclusively throughout the transaction and help you negotiate the lowest price.”