Buyer Agency is a contract that a buyer signs with a real estate agent that basically states that the agent is going to be the exclusive agent for a buyer’s property search. In order for the agent to be able to give opinions or advice when it comes to writing an offer and negotiations, there needs to be a signed buyer agency agreement. You kind of form a team. You agree to work with each other in pursuit of your goals. Without the Buyer Agency agreement, the agent owes allegiance to the seller.
Regardless of the agency agreement, there are certain things ALL agents MUST do for a buyer:
Protect your confidentiality
Treat you honestly and fairly
Respond honestly and accurately to questions concerning the property
Provide community data and current market conditions
Present contract proposals in an objective and unbiased manner
Accompany you to the closing and assist you through the process
Disclose material adverse facts about the property
The additional services you receive by entering into a buyer agency agreement with an agent are :
A professional opinion of the seller’s asking price, based on a comparable market analysis prepare for YOU.
Assist YOU in negotiations strategies in your best interest
Critique a seller’s property for you, beyond the required disclosing of defects
Advise on, write the offer and draft provisions in YOUR best interests
Either way you choose to buy, First Weber Group can help. Your First Weber real estate agent can sit down with you and tell you more about how buyer agency, also called buyer representation, works. Just get in touch with an agent in your area of Wisconsin.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Southwest Wisconsin, Western Wisconsin, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com