A real estate agent who represents only the buyer of a property in a real estate transaction. This type of agent agrees to exclusively represent the best interest of the buyer, usually under a formal contract.
What does a buyer's agent cost?
Good question. However, home buyers don't need to worry about the expense of hiring a buyer's agent. Why? Because the seller pays the commission for both the seller's agent and the buyer's agent.
The agent/buyer contract
Once you agree to work with an agent, you will have to sign a contract called an Exclusive Buyer Agency Agreement outlining the agent's services and compensation. This contract also means that this agent will be your sole representative and that you won't work with other buyer's agents.
A BUYER'S AGENT
is an advocate for you, the buyer
uses his or her knowledge to your benefit
negotiates on your behalf
navigates the noise of a transaction
works solely for you, the buyer
is a fiduciary for you
At Sherpa Real Estate , we work with buyers as buyer's agents when at all possible.
A buyer's agent works solely on behalf of the buyer and owes duties to the buyer which include the utmost good faith, loyalty and fidelity, as opposed to a transaction broker. True to their name, buyer's agents assist home buyers every step of the way; they can also save you tons of time and money on the road to home ownership. A buyer’s agent will guide you through the home-buying transaction and be at your disposal for any questions or concerns.