Parkland Real Estate - Mr Parkland

Your Buyer's Agent

If you're thinking of buying a house, you need to know that the real estate market has experienced some dramatic changes recently. The biggest change for buyers is that buyer agents are available, at no extra charge, to negotiate on price and terms--and to protect the best interests of the buyer.
I'm a tough negotiator! The time you'll take to read this information on Buyer Agency and how a buyer agent can help you might save you thousands of dollars. Most important of all--a buyer's agent can put his or her industry expertise to work for you make one of the most important decisions of your life!

According to most Multiple Listing Services (MLS), any real estate agent assisting a buyer usually works under the seller's agent--and owes primary allegiance to the seller.

Unless the real estate agent and the buyer are working under a "buyer agency" contract, the agent is legally a selling agent and is obliged to work in the best interest of the seller. This means many things--but of great importance to buyers is the fact that the agent is obligated to obtain the highest price for the seller.

This is nothing new. It has always been this way. What has changed is that today's buyers are demanding representation too.

A "buyer agency" contract creates legal "fiduciary" responsibilities between the buyer and the agent.

The responsibilities are:

Loyalty to the buyer's interests.
Obedience to the buyer's wishes.
Disclosure of useful information.
Confidentiality in all matters.
Reasonable care and diligence.
Accounting on all matters.