What is a Buyer's Agent?

A Buyer’s Agent is the agent you are working with to find your home. That agent will not only learn what you like and dislike, but also advocate for your best interest throughout the home buying process!

Real estate laws and regulations vary from state to state, but buyer’s agents usually owe full fiduciary (legal) duties, including loyalty and confidentiality, to their buyer-clients and work in their clients’ best interests throughout the entire transaction.

It is imperative that you work with one real estate agent throughout your search.

What Services are Provided by a Buyer’s Agent?

If you’ve established an agency relationship with a Buyer’s Agent, common services include:

  • Helping you clarify your priorities.
  • Suggesting sources of financing and other service professionals, such as inspectors and exterminators.
  • Selecting and arranging property showings.
  • Evaluating particular properties.
  • Explaining forms and agreements.
  • Suggesting contract contingencies to protect you, rather than the seller.
  • Assisting in the negotiations for a favorable price and terms.
  • Keeping all information confidential that could weaken your bargaining position.
  • Monitoring the entire purchase process, assisting with issues that arise through closing.

As a Buyer, Do I Have to Compensate a Buyer’s Agent?

When you work with Long Island’s Real Estate couple, the answer is NO! When a house is listed for sale on MLS,, the seller’s contract must offer a commission to the cooperating agent that brings a buyer!

Real estate professionals are compensated by commission, based on a home’s selling price When a seller signs a listing agreement, their contract is with a brokerage firm. All fees must pass through that brokerage firm. Typically, the seller’s representative—and your buyer’s rep—will be paid by the listing broker at Closing.

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