| What An Exclusive Buyer Agent Will Do
For You
Information And Counseling
Explain the forms of agency available to you and explain
how different relationships may affect the level and type of service a
Buyer may receive from a real estate agent.
Offer to enter into a written Agency Agreement with the
Buyer. The agreement will include beginning and ending dates, fee
structure and payment method, and the responsibilities
of both parties.
Pledge absolute confidentiality to a Buyer when representing
him/her.
Counsel the Buyer regarding his/her financial qualifications
and assist the Buyer in finding and working with mortgage lenders.
Searching For A Property
Discuss preferences in size, areas, styles, age, floorplans,
and develop a property profile.
Search the entire real estate market, including the Multiple
Listing Service (MLS), properties for sale by owners, and new homes
(where appropriate).
Contract Offer
Inform the Buyer about any defects or problems he/she has
observed or discovered regarding the property.
Prepare a comparative market analysis, to determine the
property's fair market value.
Explain the choices available in each section of an offer
to purchase and explain the alternatives available to the Buyer.
Advise the Buyer to seek legal counsel where appropriate.
Prepare the offer to purchase in a manner which will protect
the Buyers interest. Will provide proper disclosures regarding
agency representation and any other matters as required
by law.
Develop negotiation strategies with the Buyer, including
pre-set limits on key points of negotiation when the Buyer wishes to do
so.
Counsel the Buyer regarding the time requirements in the
contract and encourage the Buyer to have professional inspectors
inspect the property if the contract is accepted.
After The Offer To Purchase Is Accepted
Will counsel the Buyer about home inspections, and provide
the names of real estate inspectors. Will encourage the Buyer to be
present during inspections.
Will explain options available to the Buyer regarding
items in the inspection report.
Where appropriate, will notify the Seller or the Seller's
Agent in writing of inspectors' findings and the Buyers choice of any
options available to the Buyer.
Maintain contact with the title company and mortgage company
to insure that the Buyers interests are being protected.
Will review the settlement statement with the Buyer at
or before closing.
Will attend the closing with the Buyer and be prepared
to answer questions the Buyer may have. |
