In the News
Exclusive Buyer’s Agency is endorsed by all the consumer good guys and dozens of news publications. See what some of them have to say about EBAs!
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Endorsers of Exclusive Buyer’s Agency
“When hiring a buyer agent to represent you look for an Exclusive Buyer Agent (EBA) – an agent who ONLY represents buyers. If the brokerage firm represents buyers and sellers, then NO agents in that firm are EBA’s. Avoid those firms. Some states have “designated agency” laws that allow brokers to appoint one agent to work for the buyer and another to work for the seller. However, all the same conflicts of interests exist at those firms and none of those agents are EBAs. Look for brokerage firms where all the agents ONLY represent buyers.”
“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.”
“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.”
“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”
“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.”
“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. “
“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.”
“(Buyer) brokers are obliged to get buyers the best deal possible, they approach a house with a critical eye for apparent flaws. “
“Real estate and housing is one of the least consumer protected areas in our country and buyers overpay for housing by more than $10 billion due to poor representation.” In Agency Law Quarterly, Nader “again held up exclusive buyer brokerage as the only legitimate option for the home buying public.”
“Buyer brokers: agents that buyer’s call their own…” “If your real estate agent isn’t a buyer broker, he works for the seller.” “Buyers no longer have to fend for themselves”
What you need is what’s known as an “exclusive buyer agent.” – CNN Money – “Money 101, Lesson 8: Buying a Home”
“Confide to a traditional real estate broker that you’re prepared to bid as much as [$xxx,xxx] on a house, and the broker will tip off the seller. Tell a buyer-broker, and the seller will never know.”
What you need is what’s known as an “exclusive buyer agent.” – CNN Money – “Money 101, Lesson 8: Buying a Home”
What you need is what’s known as an “exclusive buyer agent.” – CNN Money – “Money 101, Lesson 8: Buying a Home”
“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.”
Find an EBA
HelpUBuy America represents homebuyers in Dallas and Houston. For a referral to an Exclusive Buyer’s Agent in your area, please complete the form below.
