Issues Affecting Exclusive Buyer’s Agency

There are currently 6 blog entries related to this category.

Is The Traditional Real Estate Model Under Pressure?
Asked to comment on changes affecting the traditional real estate model, Stephen Carpenter-Israel, President and Broker of Buyer's Edge, said that the increased use of house hunting websites as well as a recent California Supreme Court ruling on the practice known as "dual agency" are shaking the industry to its core.  

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Tech Has Led to Increased Demand for Transparency
 
 
Over the past decade, consumers' widespread embrace of technology spurred the creation of firms such as Zillow, Trulia, and Redfin.  "These online databases disrupted the 'cartel' of the old brokerages that used to monopolize access to
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Check Out This One Genius Question to Ask Your Exclusive Buyer's Agent to Make Buying a Home 1000% Less Creepy

"Fake" Exclusive Buyer's Agents are On the Rise 

Wendy Carpenter-Israel

 

 

In a Press Release from the National Association of Exclusive Buyer Agents (NAEBA), they warned consumers of an increase of complaints that they have received regarding “fake” Exclusive Buyer’s Agents. They reported an increase from 2-3 per month to 2-3 per week.  NAEBA recounted that they have seen a sharp rise “in the number of real estate agents claiming to be Exclusive Buyer Agents in spite of working within a (traditional real estate) company that takes listings or even taking listings themselves.”

 Why should consumers care if their buyer’s agent

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Homes For Sale - Open House 101 for Real Estate Buyers

January 26, 2013

John Sullivan, Vice President and Associate Broker with the Buyer's Edge, shares an email he recently sent to a new client.

 

"Yesterday, after a couple of e-mail messages, new prospect called and said it wasn’t necessary for me to show her a house she was interested in because there was an open house on Sunday and she would just go then. Here’s the e-mail I sent back to her.

Most home buyers have never heard of procuring cause but it is the main reason why open houses are hazardous for home buyers. The legal principle of procuring cause determines who is entitled to the commission on a sale. Unless you inform the agent sitting on the open house that you are represented

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A thoughtful piece for real estate buyers before they go out and look at real estate listings.

January 15, 2013

John Sullivan, Vice President and Associate Broker with Buyer’s Edge answers this important and frequently misunderstood question.

“National Association of Realtors defines Exclusive Buyer Agency as “the practice of representing only buyers never sellers in a transaction. The company never lists a seller’s property and thus never has a seller as a client.” Only agents affiliated with an Exclusive Buyer’s Agency, EBA, can call themselves an exclusive buyer’s agent.

A designated buyer’s agent is an agent that works for an agency that represents both buyers and sellers and has been selected by the broker to represent either the buyer or

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Buyer’s Edge – Frequently Asked Questions

October 15, 2012

Some real estate agents say that they can represent the buyer and seller in the same transaction. How can that be?

John Sullivan, Associate Broker, with Buyer’s Edge answers this important question.

"An agency representing both the buyer and the seller is legal in Maryland, DC and Virginia. In DC and VA, a single agent can represent both the buyer and the seller in the same transaction. This is known as dual agency.

At Buyer's Edge, we don't believe that the same agent or agency can represent both the buyer and seller. We are not alone in this view.

The Oklahoma Supreme Court declared "dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent

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Exclusive Buyer's Agency and Exclusive Seller's Agency - Consumers Need to Understand the Real Choices Available when Buying or Selling Real Estate in Today's Market

June 25, 2012

Today there are numerous blogs, magazine and newspaper articles out there that hit on many of the problems related to agency relationships in the home buying and selling process. Steve Israel, President of Buyer's Edge Company, Inc. says that, "Unfortunately, the majority of them skip over the most obvious solution for home and condominium Buyers and Sellers. Sometimes there is a brief mention of working with a Single Agency Firm in order to avoid the inherent conflicts of interests found when working with a traditional real estate company, but rarely do these articles

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