Buyer's agents offer additional resources for homebuyers

For homebuyers interested in reducing their risk and receiving specialized service when purchasing a new home, exclusive buyer's agents offer an alternative to services offered by traditional real estate agents.

Exclusive buyer's agents can help homebuyers locate property, provide detailed research and complete real estate transactions. Unlike traditional real estate agents, buyer's agents represent homebuyers exclusively and not sellers.

When an agent has a property listed for sale, the agent is contractually obligated to represent the seller and get the best price and terms for the seller.

In the best case for the buyer, the agent could act as a "transaction broker" in which they would not represent the buyer or seller, but would only facilitate a transaction.

Buyer's agents develop an exclusive relationship with their clients. They research Multiple Listings Service properties as well as unlisted and "for sale by owner" properties to provide clients with as much information as possible to aid them in finding the perfect property, then assist in negotiating the lowest price and best terms for the buyer.

Buyer's agents will preview the condition of properties and report detailed information back to their clients. The agent also negotiates offers and advises their clients on the home inspection process, as well as other items the buyer should be concerned with.

Homebuyers sign a written agreement with a buyer's agent that defines the terms of the relationship, including how long the agreement will be in effect. Buyer's agents are typically paid a commission at the sale of a property.