You Do NOT Need an Exclusive Buyers Agent
There are Many Buyers Agents Standing up against Dual Agency, that's great, I hope that all this works out for ALL involved. But in the Real World of Real Estate, on the Ground, in the transaction where it comes down to what really matters to You the Real Estate Consumer, you get a BETTER deal ~ Better Treatment ~ Easier Showings ~ and the best possible protection because THEY will tell you more - they want your business. It makes no sense to think that a buyers agent, especially in the same office will offer you more protection. It is Simply a Flat Out Lie, an Illusion to redirect your Spending Power.
I am One Voice, I am a Real Estate Broker Owner, I QUIT the National Association of Realtors and Yes they Do have Deceptive Practices and Yes Dual Agencies allows for DEEP Deception, However there is just as much opportunity for deceptive practices in Exclusive Buyers Agency.
Who is Fighting to STOP Dual Agency? What is the Motive? If the Motive is to Represent you as a Buyers Agent then this is NOT in your best interest. Follow the Money, it would seem to me that a Buyers Agent wants your Business, so they build a website or they Rant online about Dual Agency being bad, the Real Estate Consumer is frustrated with Realtors and the Real Estate Cartel in General so some feel that Hey, maybe dual agency is the problem so they get on the band wagon of the "Exclusive Buyers Agent".. it sounds so Elegant , it sounds like the buyers will be VERY well taken care of and that it must be obvious that an agent working in Your Best interest
If you Decide to Use an Exclusive Buyer's Agent DO NOT assume that they are looking at ALL possibilities for you to buy. ALL Realtor I have interviewed say that they use only the MLS or their Company - Real Estate Franchise website to look for Real Estate for Sale. So you are missing the Thousands of For Sale By Owner, you are missing ALL the listings that Real Estate Brokers such as myself have
You are Still Subject to "Clicks" - the In the Know Crowd, You are still subject a Seller's agent withholding information from a buyers agent and you are in NO Way protected more by having an Exclusive Buyers agent, they have the Same E and O insurance that Protects the Realtor, the Real Estate Agent and DOES not Protect You.
And if the Illusion of an Exclusive Buyers Agent is What you get talked into, and they are in the same office, the same Francise or in some cases the same corporate umbrella company, then they HAVE the same Broker Owner, the Same Franchise Owner and the Same E and O insurance so a Buyers Agent convincing you that by using them t represent you that you will be more protected somehow is Simply NOT True... not even a little bit.
I heard so many agents say they wanted to become Exclusive Buyers Agents, ABR, Accredited Buyers Agents... It seemed the Reason was because they did not know how to get listings. I always had plenty of listings, so for me as a Real Estate Broker who Does Know How to List - STOPPING Dual Agency WOULD be Wonderful for me. I would simply list hundreds of properties for a year, then I would leave my secretary to set up showings and I would, By Law Sit and Wait for that All Powerful Buyers Agent to Sell my Listings for Me. ... Now How in the World is this in the Best Interest of my Seller. Do YOU the real estate Seller really want me to market only to Realtors, I mean I get Internet Marketing - the buyers are looking online for what your selling. As a Listing Agent, I SHOULD be using ALL available tools to Get you a Buyer and NOT just sit on my Rump waiting for a Buyers Agent to Do my work for me.
Buyers Agents NEED to Stop whining about Dual Agency, it is a Conflict of Interest and it is NOT in the Best Interest of the Real Estate Consumer... No Way... No How...
The FIGHT should not BE the Distraction of Getting Rid of Dual Agency and Making it Law that a Buyer must be represented by an "Exclusive Buyer's Agent" the Fight Should be to REMOVE the Realtor from the Real Estate Transaction ALL together. There is NOT One Reason that you Need a Realtor in Your Real Estate Transaction and IN Fact, using a Realtor in Your Real Estate Transaction can definately cause more harm then good.
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